127.50 is Holding Still

The EUR/USD trade is still the major chart affecting the market. We will see if the support holds. The SPY is still checking the 127.50 resistance. One of the post I read http://slopeofhope.com/2011/12/is-a-top-near.html#more talked about the major banks are pushing the markets in after hours. This is an inexpensive way for them to get the market to chase. I am curios if these guys can hold this market up. I feel as though they are losing. We shall see.