The main indexes all closed with moderate gains, on what is now day'14 of a 122pt rally in the sp'500. The May'22 high of 1687 looks set to be broken Tuesday, and if the Bernanke does not upset the market on Wed/Thursday, the 1700s look viable later this week.
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As expected, this market is no place for the bears. The underlying price momentum remains extremely strong to the upside. Even though today wasn't a major gain, it was still a worthy victory for the bulls
Upside to 1740/60 looks viable by early August, and that will make for a very toppy fifth wave.
a little more later...