Buyers continued to buy on a breakout of the recent range. Positive rumor on the Greek vote on Sunday with the G-20 backup was enough to close the market at high. Some are neutral going in and some may want to fade the Sunday pop. The intermediate trend is now up and the Fed announces its rate decision mid week. Seems like a win-win situation for the bulls as government back stops are in place and a test of the 50 day moving average at 135 SPY maybe in the cards.
