11am update - underlying upside

The equity bears are facing the same nonsense they have faced for the past four years - underlying upside bias. All things being equal, this market just battles higher. A break >1648 looks likely today, and that opens up the 1670/75 inv. H/S target by end Wednesday


sp'60min

Summary

I am real tired of this, at least I'm not short right now.

Shorting time still looks likely to be LATE JULY..at the earliest.
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Metals are VERY weak, GLD 120, and SLV 17 remain the downside targets.


11.29am.. there go the sp'1648 short-stops. Next level is  1670/75.