CONTINUED BULL BIAS FROM PRIOR EVENTS 6/26/13

The combo we discussed last week to consider, and hold after expiration week.

SPY   160.17
SDS     40.98


TODAY:

Bullish bias after the Asian Markets continued to support recent economic news.

[08:08] <CM> nice follow on Asian and after hours us  (link removed)
[08:11] <CM> 5m ema open since euro zone open and deemed support for pb in bull bias mkt
[08:15] <CM> 1592 resist   a bo-5 for pre open
[08:28] <CM> upper resist levels approx same time for majors  and the sell at 8-8:05  (screen link removed)

[08:31] <CM> look for us open around the 87 area

PA was heading for the PB to the LB at 1587, but created a gap and completing the break out of the 1592 resistance.  The BO-10 held at the open and PA returned to the prior level and created another gap.  Gap 2 was greater, confirming the bullish bias  for the day.

The bull ran for additional highs before retuning to the 50CB trend line.  Another nice day for level plays.