If the SPX can hold 907.92, then we can have a successful test of the 200 DMA, if not we will have some serious program selling to protect recent profits.
The Banks which had recently stopped going up over a month ago hold the keys to the fate of the market. All is lost for the Government, Treasury, Fed, and the Credit System if the banks have another downward spiral. As we all know the perception is far worst then reality, as these banks sink further, there is serious catastrophic fear of another major bank run. The System is already bulging at the seems and any more stress is something that Barack and his boys don't want to visualize.
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