S&P's

A couple notes on the S&P's: last week's rally shifted the sell zone on the weekly chart from the moving average line to the Bollinger band center line which is currently at 992.  Also, the daily chart is now in an upward trending channel as of Friday.  My hesitation for getting bullish here is that we're at the top of the Daily channel band here in the 920's.  We may very well take this move into the high 900's pushing towards the weekly sell zone this month,   but I would much rather get long closer to the daily buy zone, 905 today, than at  the top.  It will move for us over time and the intraday numbers will createa buy signals if we don't get a more substantial pullback soon. 

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