Alternative Investment Posts
The major indices -- $SPX/SPY, $NDX/QQQ, $DJX/DIA, and $RUT/IWM -- are all at new all-time intraday and closing highs. Clearly, this market has momentum.
There is support on the $SPX chart in the area of the early November highs (3644) and that has been tested a few times recently, with probes down towards 3630. So that area of 3630-3645 is support. There is further support at 3550. A close below 3550 would be quite negative, and would call for the establishment of bearish positions. That doesn't seem
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