Where do we go from here?
The SPY is sitting close to 204, up from about 181. The Bears want to push the SPY back down to 181, but the Bulls want it to continue up to the all-time-high resistance level at 214. When the SPY hit 204, it was like hitting a triple-reinforced brick wall (with lots of waffling around since then). "The Battle of 204" will turn out to be quite a battle.
Lots of people are simply peeking over the fence (watching) to see what might happen next, but MIPS is "in the gears" analyzing (calculating) what is most likely to happen next. I'm betting on MIPS !!!
PEEKING...
MIPS'ing...
...
