Big Break-Out in the SPX

Self-explanatory below – big break-out in SPX on the Fed news today taking out resistance that’s been in place since mid September per line (1).

So long as these gains hold through today/end of week, we’d believe this break-out portends more equity upside moving forward – likely material amounts into/during 2013.

2012-12-12 SPY - 60 Min

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