This is from my dear friend Jack, I am hanging out till 1108  before I really short, so tread carefully gang till then…ok love ya

In my humble opinion we have a last gasp to the upside on SPX ….

Jack here Ok gang, this is where I see us now. Condensed version & I’ll post the full one later on.

We are near the next intermediate top here. The Dow is now close to the upper trendline of the expanding wedge. I am looking at the Dow because it is the only major index not showing signs of breaking out of that wedge yet:

Looking at the likely top range, it is now likely that we are in day two of a series of range closes that will take us through to opex. Every significant top in the rally to date has been marked by a series of closes like this and the chances are that this will be repeated now:

Good morning HOB-sters well it looks like we may take a moment or two to retrace today I am looking @ around 108.68 on the SPY’s. The next level would be 107.35 area. I will re access from there as I feel that any dip will be bought up that’s not to say we can’t go even lower, but OPX is next week and that historically is a bullish week.  as you can see in the chart we have bearish divergence, and tomorrow the bond market is closed, so there will be light volume and we know what that can mean. Huge swings!

I would like to take a moment thank all of the brave men and women who have served our country, they are the true heroes and we should never forget that!

Here’s a cute  cartoon that a friend of mine sent me that I liked