Mr Market is holding moderate gains, with a likely daily close in the sp'1980s. There remains 'best bear case' downside to the low 1960s early Wednesday - if 'weak GDP', but regardless, overall price action does not favour the bears in the bigger picture.
sp'15min
Summary
I am probably annoying myself more than anyone else could, with such a small cycle chart..
Price structure is a micro bullish pennant... it certainly favours the bulls into the close.
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It really is a case of...
Do we just gap straight into the 1995/2005 zone..tomorrow....
or.. (arguably more likely)...
a brief foray to the 1965/60 zone... and then battle higher to 1990s.. by late Friday?
Regardless... primary trend STILL remains... up.
2.28pm...minor flag... fail....with a snap....back to 1975...
pretty tiresome overall though...