The ease with which the S&P Futures and the Spiders took out their pinpoints this morning should serve notice to short-sellers that there is a very good possibility we will be pushing higher for the time being.
This doesn't mean we won't see a pullback.
What it does mean is if you're a bear, be careful.
You might also want to be careful if you're a bull.
S&P Futures
SPY
SPY Three Year
