Last Week...

I asked if SPY $156 will become the new $157 and all the bulls laughed in my face...

I dare to ask again: will SPY $156 be the new $157?  

It will depend on whether we can close below SPY $154 today...

We pushed and pushed lower, but the $154s have been clawing back.  With IBM, MSFT, and GOOG reporting earnings after the market closes, it's a very close call...