What is the meaning?: obviously bulls are loving this market and they believe it cannot stop, 1190 almost assured in some trader's opinion. So hesitant opinions like mine are just a joke for them. In any case this is my interpretation:
They successfully crossed the line and reverted 1086 major break down into a bullish setup through an historical rally .... hands down guys, money-printing-machine Team won! BUT
There are no a free lunchs, the ST correction will be fierce, even if it continues to go up after it.
Ok, who cares about my opinion anyway.... but you may care about this data from the Big-Boys' option plays..... pull out your own conclusions about their ST expected move.....
The Artisan of this spectacular rally (which can only mean economy is alive and kicking again :( ) at work:
this pic is borrowed from:
http://www.zerohedge.com/article/perpetual-motion-machine-drives-forward-unabated
