The market finally turned today on some positive news out of Europe and was able to build on the morning gains instead of selling off. The mid week reversal kicked in. There are a few comparisons to the Oct 4th rally and many calls for the Santa rally today. The next resistance is in the 125 to 126 area and the 200ma. I would not be surprised of some early weakness; otherwise, the bulls have the edge in this light volume into the end of the year.
