Powers Of Intervention

SP500 futures finally closed over 1423 and now should be poised to extend the rally with the DJI and NQ100. The caution is that the rallies have lousy internals, leaving a greater chance for reversals. Like all things in the current market environment, there is a great suspicion of all price activity. Wall Street has done such a bad job at determining value but a great job at accepting welfare. The bears claim there are greater forces than the powers of intervention but since March have been unable to demonstrate downside energy.