Still holding

The box breakout of the 1150 area is still holding into this morning but has yet to make any progress. We will see if we can move higher in the next two trading days as we have some heavy news items coming up. If however we pullback from these overbought condition and close back into the box then we will have the "cross through the box" which we know can be dynamic as well. We will just have to see which pattern will prove to be true in the coming days. For those of you on the advisory, we did reach our profit objective of 4 S&P points on yesterdays trade which filled around the close of the session. We need to see more high plus tick in order to bring sideline money in. If we do pick up plus tick, we should see this market move 30 points or higher from here.