only 300k so far today, sitting between 20 and 50 MA. They cannot play this too long. The big guys hold here and try to use the debt ceiling issue to accumulate more, however, longs like me will grab more if they do more shake out, and shorts are too scary to sell them more. Come on, big guys, you already get enough shares. Please, pull your trigger!
Budget is a non issue. Boehner already said he will bypass the Tea Party and just let the Democrats push through the vote. Any sell off or weakness on that front and I would mortgage the house. Today is not finished yet. Read my earlier posts and you will see the critical price targets for today for the move validation.