NICE CLOSE

Choppy day for the market as the bail out talks seem to end with a positive conclusion for the markets in the morning and then the choppy sell off in the afternoon.

Over all a positive day as the major indexes acted well into the close adn that was without any help from the financials which were laggards all day.

Market internals were positive all day giving one the hint any sell off wouldn't be too bad.

VIX continues to drift lower- now at 55.5;

Support and resistance pretty easy to see on the SPX - check for 885 on the bottom and 909 area on the top- also SMA 50 on top big resistance from a few days ago.

Overall, a bullish take as it seems folks want to buy for now and with the 3 day consolidation - the over bought issue is ending with a RSI (2) number below 70.