Weekly review.

I was expecting the market pulled back on Wednesday after the big rally on Tuesday.  But it didn't stop. it kept going up. Tuesday's high 2485 pretty much acted like a support for the rest of the week. I was lucky to cut loss most of the short position on Wednesday and kept most of the long position.

I did very well this week.

Ok, what will happen next week?

"However, the Fed's massive balance sheet will be the focus of next week's FOMC meeting as it is widely expected that Fed Chair Janet Yellen will announce the start of a gradual reduction of assets bought in response to the 2008 financial crisis. The two-day FOMC meeting will kick off on Tuesday"

 We'll see some weakness next Monday and Tuesday.  I will use 2485 as support. the upper range set to 2505.

 I speculate that the market will probably close lower than now, with vix 10.17. People are getting greedy. :-)

Index	Started Week	Ended Week	Change	% Change	YTD %
DJIA	21797.79	22268.34	470.55	2.2	12.7
Nasdaq	6360.19	6448.47	88.28	1.4	19.8
S&P 500	2461.43	2500.23	38.80	1.6	11.7
Russell 2000	1399.43	1431.71	32.28	2.3	5.5