2pm update - afternoon chop

Equities are seeing minor chop, with the sp' set to close in the 1975/80 zone...a mere 0.3% or so from breaking a new high. Regardless, with new highs in the Dow/Trans, the broader market looks set for continued upside across this summer.


sp'daily5

Summary

Daily charts are currently restrictive to the mid 1980s, but by end of this week..and certainly next week.. the 1990s will be viable.

It is notable that the weekly cycles are now offering the 2000s for the first time.
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Mr Market is merely flat lining ahead of the Yellen tomorrow morning.

stay tuned