3pm update - mixed chop into the close

US equities have pushed a little higher after the algo-bots comfortably cope with the notion that QE will likely be fully terminated in October. Sp'500 looks set for a daily close in the 1970s, which will bring the market within 1% of breaking new historic highs.


sp'60min

Summary

*we have Netherlands vs Argentina at 4pm EST coming up... so I will be keeping things light here.
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Regardless of the closing hour... yesterday's low of 1959 looks pretty secure, and the 1990/2000s look very viable next week.

..and what will the usual suspects be saying then? Ohh yeah, they'll be calling another top.
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3.35pm.. Clown finance TV getting overly concerned about whether the Dow might close today above 17k. Really, it is of no concern.

Equity bulls have held the bears to another 2 day decline...and we look set to push higher from here.

Weekly charts are offering the sp'2050/75 zone by early September.
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back at the close... briefly... since kick-off is at 4pm!