9/22/2016

A very smart person (JP Morgan head quant) says there is now nothing much to worry about and cannot imagine anything that will take SPX back down to 2050 but...

I see a re-test of key resistance on SPY and ES1; just 70 points higher for NDX; and now bang on here for RUT - all with VIX low of day down in 11s again. 

I remain in upside limited camp, and think we will see a trading top here, or a bit higher on INDU YR1.

SPY below.