4/16/09Major market bulls are still propelling the indexes higher with JPM good earning report. However, more negative divergences developed in term of technical. As show in above SPX chart, watch out the uptrend line.
In addition, tomorrow is April options expiration day. As I post the calls option of SPY, strick 85 and 87 are heavily traded. It is possible S&P will end up between 850-870 area. Let's see if it has good indication about that.
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