"what should you do to avoid being an idiot or a swine? Merely this: You should do something great, you should lay aside all the foolishness of a more of less long existence, you should become resigned to the fact that you will seem ridiculous to a race of janitors and bureaucrats if you are to enter the service of Splendor. Then you will know what it means to be the friend of God. The friend of God!"
Léon Bloy
14 July 2015
SP 500 and NDX Futures Daily Charts - Wash Cycle Is Almost Finished
I figure we have about 15 or so more points of upside potential in the SP 500, barring exogenous events, and then it turns into a slower slog higher with the usual wash and rinse cycles to keep the HFT and predator trading desks happy.