The markets continued their push back to the former highs at $104.35 on the SPY.  Light volume, a weak dollar and a monster buy program hitting the financials have all given the markets a nice push.  Right now the market hit our last posted resistance level and fell back at $104.00.  If that breaks, the next level to watch is $104.35.  Support is now $103.50.  Watch the 1pm ET bond auction and the 2pm ET Beige Book.

 

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