Weekly Fed Credit Fell a Substantial/Bearish -$15.319 Billion in the Five Day Period Ending 5-26-10 (rose a massive/very bullish +$28.883 Billion in Five Day Period Ending 5-19-10), see http://www.federalreserve.gov/releases/h41/Current/.
I'll look to day trade SPX (S & P 500, http://bit.ly/i0nsT) or some other index/sector (ultra short for me) short after SPX probably fills the upside gap at 1115.05 tomorrow 5-28-10. Then, once 1115.05 probably gets filled, look for SPX to probably fill today's downside gap at 1067.95 in the next few sessions, see http://finance.yahoo.com/q/ta?s=^GSPC&t=5d&l=off&z=l&q=c&p=v&a=fs,w14&c=. Today's huge spike move (SPX up +3.29%) is a sign that SPX will probably put in an important (Short Term) Cycle High tomorrow.
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