SPY Consolidation??

SPY03202013We might find a consolidation channel up here for a bit. If we break in either direction we should see a nice move. I am really curios what is going to come of this Cyprus banking / Euro / Russia situation. We have the Russians and EU meeting tomorrow and Friday. I think the Russians are pretty upset about what the EU is trying to accomplish. Think about this for a minute… You have your money safely tucked away in the bank and the governing bodies decide to tax what you have. Maybe we can get the fed to print some money and bail out Cyprus. Sure is entertaining.