Expiration Friday is seeing the ranges that presisted for 20 days in both the SP and NQ being broken to the upside. The DJ is stronger still, trading near early Jan08 highs. The closes today are key as stated in yesterday’s comments - above SP 1374 and NQ 1870 are strong with closes above SP 1390 and NQ 1894 breaking the range. Until there is a daily clsoe back below at least these latter two levels, the buyers are back in control.
