EURUSD deeply dropped and is just seating on the support 1.2950. The SPY sank below my support box. It's not good for bulls and I shift to wait and see mode for today.
SPY daily showed a consolidation with bullish bias.
SPY 30min: Seems that a symmetrical triangle has been forming and the trading range today may be limited by boxes (125.70 - 126.08) - (126.74 - 127.10).
Trade setting for 12/28/2011
Maintain buying on weakness and expect the high-target of the last week of 2011 at about 128-130.