Interesting day so farS&P hit 1157, my target is 1158. It stopped and reversed right there. A lot of resistance around 1150. It looks to me that target might be overshot next week.
Financials started to outperform S&P today which is what my model suggests. Watching closely to see how that continues. Things are happening slowly. So we have to just monitor day by day.
FAS might get back up into high $21 and then need to consolidate more at that level before any move higher.
SC