Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Markets Rally Into Key Gap Fill At $130.85

|Includes: SPDR S&P 500 Trust ETF (SPY)

 The markets are rallying across the board today. After an initial pull back this morning to the flat line, the markets took off in dramatic fashion, surging higher to a major gap fill at $130.85 on the SPDR S&P 500 ETF (NYSE:SPY). This is a major level on the short term and the markets may have some trouble cutting through it. As a scalp, the markets already pulled back $0.20 off that level. The bigger question will be, does it act as a daily top in the market?

Gareth Soloway