The series of higher-lows off of the Oct 15 low at 1813.00 remains the dominant feature of the 7 session, 143.25 point, 8% advance.

As we speak, the e-SPZ is retesting yesterday's high of 1956.25.

Inability of the index to climb to new high before a break below 1946.00 will trigger initial sell signals in my short-term work.

For the time being, however, the bulls remain in directional control, but will they be able to jam the index to sustainable new rally highs?

The Mid Day Minute

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