If EURO is not fooling us...

I post a different view of the market from the perspective of currency (EURO). There are a lot of bullish signs on FXE chart (FXE is the EURUSD ETF). A clear breakout on EURO two days ago should be a big warn to bears. If market is able to regain its uptrend strength from next week, quickly and with much power (after investors back from their holiday vacation), a new high (SPX above 930) is very likely to see. See the self-explained chart below.

Bears, you are warned!