That escalated quickly!

Nothing like a 60 point rip to tear into bearish sentiment. Next hurdle is right here at the closing levels. The type of buying pressure today doesn't lead me to believe this is a big hook. However, the larger Macro back drop needs to be considered.....growth or inflation will be needed to take this market to new highs.....do we have either of the two? My thought is that 2800 to 2600 becomes a consolidation level until year end until more information becomes available for the market to digest. Stay nimble lads, the chess board has many pieces moving at once here.