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Where is the market headed?

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

QE2 ends at the end of June.  This has been publicized to no end.  Everyone now expects that a market crash will coincide with this event.  I think this would be just too convenient.  THe market is not, in my experience, that considerate to the masses.  Market crashes tend to occur in such a fashion that the greatest number of people get hurt.  The last 6 weeks have been brutal with a relentless, albeit slow decline across the board.  Investors are getting nervous; many have cashed out and many others are pondering that action.  What does all of this tell me?  I think the market will head back up over the next few days and extend its irrational, schizophrenic ascent in the face of all the bad economic news and shaky macroeconomic frame.  I expect new highs into July.  My plan is to set up a few short term options spreads in an attempt to capitalize on a short term rally.  I'll be watching closely for the next top, however.  The next decline might be the big one.