2pm update - underlying upside

US equities continue to see a lot of minor chop, but the underlying upward pressure remains, and we have some moderately bullish daily index candles. The daily cycle is offering the mid 1960s, with 1970/75 viable (if briefly) on an FOMC spike high.


sp'daily5

Summary

... and Germany win 4-0...  the Merkel s visibly pleased.    I guess that is bullish DAX for Tuesday.
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Seriously though, price action remains much the same... and we look set for new highs. not least as suggested by the R2k.

I realise some will be seeking the low 1900s in another wave lower. later this week, but price action does not support it.