3pm update - stuck in the range

The main indexes remain within the sp1675/1709 zone, that has endured for almost five full weeks! Despite the 'powerless bears', the bulls look similarly tired, and breaking the sp'1700 wall just gets harder each day.


sp'60min'4 - H/S idea

Summary

For the closing hour, I don't expect much, perhaps the usual minor melt higher.
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The above H/S formation idea is just one of a number of leading scenarios. Certainly, it'd be great if it turns out that way, not least for downside next week.

So long as we don't break above 1700, I'm going with the above outlook.

*I should note, if somehow we do close the week in the 1700s, I'll be concerned of another stupid ramp, the target would be 1740/60 by mid-September.
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Anyway..from a trading perspective, its pretty clear in terms of stops.
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