After rallying the S&P to a close over 875 in literally the last three minutes on Friday, the buy programs kicked in today. It was a pretty neat trick by the bulls, and it worked.

With the devilish 875 level slain the next target is clearly 943. Don't look for much, if any, backing and filling. This market's not interested in that. No sir, 943 is coming to a "screen near you" very soon, probably by Wednesday, if not tomorrow. If there's any fight left in the bears it'll be waged right there.

The "bank stress tests" are due to be released Thursday. Perhaps the market runs up to 943 into that date and then sells off hard on the news. But don't be fooled. No matter what the results are, this markets going a lot higher.

Any sell off in this advance should be sharp and violent. That scares those who've been waiting to buy a dip and keeps them from doing so. Then they wind up chasing it higher soon after. That's just how it works.

The inverse H&S pattern this market's been working on suggests a nasty pullback is possible after the 943 area is probed. Also the 200 day EMA is at 951, so that should provide some resistance. I'm really not sure any of that's going to matter much.

This market is on the verge of a "melt up" similar to the "melt down" we saw in late September and early October. Do you know how long it took the S&P to drop from 1200 to 900? 9 trading days. If you think it can't happen on the way back up you better think again.

So be on alert tonight for two paths. A move to 943 or so followed by a swift sell off, or a move to 943 that pauses and blows right on through.