The market is not obligated to go up...but until the RVS daily swing systems take shorts...up or sideways is the path of least resistance near-term.
11:30 pm: I wanted to add one thing to this post...and that is that what bothers me about this is that the buying demand for levered risk was just too strong/extreme. It was really strong and it has me wondering what's or who's motivating this move...though we can probably guess that JP and Goldman tax ad putting some that that fresh Fed/Government money to use. How surprising?
