Today was probably the 135th (so far this year) reminder to the bears that the underlying trend remains to the upside.
Anyone who dares to question that basic (and obvious) notion, should go stare at a weekly chart for the rest of the day.
How will be close the week? Probably sp'1720s, if not 1730s..with VIX in the 13s...but more on that later.
3.30pm Market breaks into the sp'1730s, with R2K due for the 1100s...
The 1200s look viable by end year, which would suggest sp'1850/1900s.
3.45pm..The bulls sure do love their closing hour mini ramps..if only to really annoy the bears for the rest of the evening. sp'1731s... 85pts in 6 trading days.