11am update - battling higher

The opening gains were a touch shaky, but the market has seemingly picked a direction, and we're headed back higher. With the turn upward, the weekly 'rainbow' chart for the sp'500 has flipped back to outright bullish.


sp'weekly8

Summary

Suffice to say, the recent few days were arguably just a minor retrace, and here we go again.. on the climb.

New highs seem viable by next Wednesday's FOMC.

R2K, a clear spiky floor, and in theory, new highs should be hit into July, which is 5% higher from here.. >1212.
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*WFM is causing me some annoyance this morning, I guess I'll be holding that, if not most other things across the weekend.