This should be a very volatile week. The U.S. elections are this Tuesday and Fed chairman Ben Bernanke will outline his QE2 plan on Wednesday. Since the market has already priced in the expected news from both events, it would take an unexpected bullish surprise to rally the market further. Having said that, I'm not ready to bet against the market until I see the breakdown confirmation...the stuff I've been talking about for the last two months. I still expect the market to have at least one more push higher. It could happen as soon as tomorrow.
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