The markets are rallying across the board today. After an initial pull back this morning to the flat line, the markets took off in dramatic fashion, surging higher to a major gap fill at $130.85 on the SPDR S&P 500 ETF (NYSE:SPY). This is a major level on the short term and the markets may have some trouble cutting through it. As a scalp, the markets already pulled back $0.20 off that level. The bigger question will be, does it act as a daily top in the market?
Gareth Soloway
InTheMoneyStocks.com
