Bullish Bat.... The bullish argument for SPX

30 Apr 2015

The bullish bat target 1 and 2....

I guess at the same time that target 2 will mark the EW1 up... but 1 thing at a time.

Blue line is support trendline from medio October

We might see the "scary deep tomorrow" back to test (blue) support line and then a huge short squeeze or the banksters have all they need (enough being short) so that they can walk the futures up through the night. The short squeeze will then be "on" from market open That could indeed be a way and reason to get momentum behind the move up.

Fear not
BLawrenceM