sp'60min3' - broad overview.
Summary
Well, you'd have to think after yesterdays post-FOMC chop, we'll put in a close in the 1700s today.
Certainly though, bulls will need to push hard in the morning, otherwise the gains could fail again.
Considering there is 3-4bn of QE-pomo this morning, I think its safe to assume we will at least close positive, and that sets up my original target of the sp'1710/20s.
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For the bears out there looking to short...just a little more patience seems required.
Big Friday jobs data tomorrow, a brief spike into the 1710/20s...and I'll start hitting buttons again.
Good wishes for today..and indeed....August!
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9.37am.. and there are the sp'1700s.
Open air to the upper daily bollinger..currently @ 1715...very viable tomorrow.