"'Gnosis’ was an enormous temptation in the early Christian Church. What made it so insidious was that the Gnostics did not want to leave the Church. Instead, they claimed to be offering a superior and more authentic exposition of Holy Scripture, though, of course, this was only for the ‘superior souls’. It encouraged not only an excited craving for higher initiation, but an almost unbounded arrogance in those who had moved from mere ‘faith’ to enlightened ‘knowledge'." Hans Urs Von Balthazar
21 January 2011
SP 500 and NDX March Futures Daily Charts
Weakening momentum and light volumes.
Any event will likely do it, even if Benny throws his best slop at it.
But if volumes remain light and the markets detached from reality, they can drift on monetization.