Trader Update -data point 10 February 2012-

...the 9 February 2012 SPX 500 market traded to an intraday High *1354.32 just shy of the 7 July 2011 High *1356.48 - selling at the Highs remains tame - and the index closed strong near the intraday High - further up the price ladder leading to the 2 May 2011 *1370.58 Top are the 7 July 2011 High *1356.48 and the 10 May 2011 High *1359.44 sitting as attractive, immediate targets to be tackled

...a positive VIX divergence on display for the last 4 trading days - its apex occurs within the next 8 trading days, but a breakout could happen anytime during the period

...higher prizes can not be ruled out as long as price action remains above the 6 February 2012 Low *1337.52, but closing below the 9 February 2012 Low *1344.63 suggests high risk of lower prices ahead - 85% portfolio protection in place

Kind Regards