The SPY is holding at the 121.00 level. I read a few blogs tonight that seem to think the market is going up tomorrow. If it does go up it does not have far to go. It is making a nice triangle. Once again it may coil up. If it does then we will be in wait mode for the next move. The cup and handle I mentioned last night on the UUP is still looking ok on the weekly. We really need it to break above the 22.61 level for the move to be realized. We are in a few puts that really look good. I would like to see the market get below the 121.00 support level. We shall see.