The market has wound itself into a pretty tight coil right below resistance at 850 on the S&P. The next move should be higher and it might happen tomorrow. The Feds two day meeting ends so watch for fireworks after the announcement at 2:15 p.m. eastern time. 

I'd look for that move to go about 100 or so points higher in just a few days........once it actually starts. After that move it'll be more of the same go nowhere market for a while. 1050 or so would be a good target for a final top, assuming the market can muster the strength. 

The reflation trade seems to be gaining some strength in here, and that's just fine. That's what it should do. Any move higher will bring massive bullishness that the worst of our economic troubles are over. They definitely are not. 

Watch for the Fed to announce more experimental measures to save us all from the evil cleansing process of capitalism. I expect they will begin to buy assets themselves at some point since their idiotic efforts have (naturally) failed to stimulate anything other than debate.

As unlikely as it seems, be prepared just in case the market decides to roll over play dead. This entire advance has been exceptionally weak.