12pm update - battling higher

The main indexes are relentlessly pushing higher. Volume is still 'summer light', and that will again mean the algo-bots will rule the afternoon..a close in the 1700s is viable. WTIC Oil has broken into the 108s, that's bullish for the US economy...yes?


sp'60min3

Summary

The only issue seems to be..how far we can ramp across the next week or two.

*I don't have a separate chart on it yet, but, might we still be in sub'3 ? If you look at the RSI on the hourly, its more suggestive we're still in a sub'3.
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I'm just trying to keep in mind the bigger weekly charts that are offering upside into early August, rather than everything being wrapped up next week.


sp'weekly8

Underlying cycle is still clearly UP UP UP !  Even if we do max out next week, it won't be until early August that a clear turn is discernible.
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VIX update..coming