I actually hoped that the market rallies above 1070 to make things clearer.
But somehow the market likes to see us suffering so it just chopped around the whole day.
The important levels to watch out for remain the same: 1020 and 1070. If it breaks above 1070 we should see 1120 and if it breaks below 1020 the top should be in.
btw.. Alcoa reported better than expected numbers and the ES is already up by a few points. So this might be the kickoff for the final upleg.
