POSSIBLE BREAKOUT

Yesterdays sweeping of the range was abnormal in the fact that the market did not suffer any ill effects from the big down day that we had on Tuesday. The resulting movements yesterday were orchestrated with relentless buying into mid afternoon. The market did not ebb and flow as the computers were in full force for the algo traders, this makes me very suspicious that the only buyers are our government. We are now back up at the resistance area of 1180-1182 which has provided a strong ceiling to this point. We will have to see if we can close above this level for another leg up in this market. The daily CCT stands at +206 for the short term.