The Squeeze is ON

Just about everyone I know is leaning short, well not everyone, but more than usual. Knowing this, coupled with option expiration fuckery, I would not be surprised to see a continued move higher throughout the week. Below is a chart of the S&P 500 ETF the $SPY, let’s take a look at a few things:

On just a little more strength, things could really get interesting as we would push through a tough resistance point. If this happens, I would not be surprised to see us push right up to the 50 day moving average near $115, which would equate to 1,150 on the index.