SPY 126

I am pretty confidant the SPY is going to the 126 level by Friday. It is up in pre-market to 124.67 currently. The 126.00 level is where diagonal resistance is holding. If the Santa Clause rally s going to play out we will need the 126.00 level to fail. DIA and QQQ are in basically the same boat. The DIA resistance is horizontal instead of diagonal. The IWM will break the resistance this morning. It will have to deal with the next 2 levels of resistance which are 75.34 and then 77.20.