Bizarrely, today traded exactly as yesterday including the Pivot Point bounce. The new high was at 875. Volume was high.

S&P 500 Index 5min Chart

S&P 500 SPDRs 5min Chart

GE and C results plus the Reuters/University of Michigan’s consumer sentiment index rising to 61.9 vs. 57.3 two weeks ago continues to feed the market with optimism.

S&P 500 Index Daily Chart

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