sp'60min
Summary
I'm calling a floor at sp'1691.
If we close today in the sp'1700s, that should be enough to confirm that the 5 day down wave is complete.
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Since last Thursday the bears have shown virtually no downside power, and the VIX has reflected this.
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Upside target of October is somewhere in the 1750/75 zone, although yes, the 1770s look a long way up right now.
FB, is naturally still climbing.
We're now in the $50s...and the $60s look an easy target by end year, not that I'd ever buy one of those hysteria-surrounded social media stocks.