If it can break above 928 then there is a chance it will take another whack at 950. Japan and New Zealand just came out with some very bad news tonight, no suprise, that will put pressure on futures tonight. ATM spx is at resistance and I expect it will drop tomorrow but who knows, just take a look at what PALM has done on a better than expected loss. Palm was under 2 bucks not very long ago and still has not made a dime but has increased 7x. Volume was not very convincing today either. I shorted again end of day as I do not see this as sustainable. Besides King of Pop just took a dirt nap so maybe emotions will change.
If we break the handle of the cup and handle to the upside we will head higher and liftoff like crazy to 1050. If we fail, and head lower it will be a long grind back to 666. Just my personal opinion :) I think the next few days are key.