The S&P 500 mini Futures was down before the open today with the Initial Claims report being 339,000, being 335,000 the expectation. 180.75 was the LOD and we saw huge buying from the opening and pushed all the way up to 183.20 at the resistance level. Like I mentioned yesterday, we should see a gap closing of 184 and retest of 185 this month. It looks like it will come sooner than expected. No bad news as Obama is ready to sign the Debt Ceiling for tomorrow. We should see how it goes tomorrow to look into where the Market wants to go. Next week is February Monthly Expiration of call OPEX (Option Expiration) where 185 has been a something that everyone expected last month.
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