11am update - how high might we go?

US equities are battling to build a floor from sp'1911..and have already bounced 0.5% into the mid 1920s. If a key floor is in, how high might we push? The sp'2040s would be at the upper end of the 'bullish hysteria' outlook... but the weekly/monthly cycles will support it in September.


sp'daily3 - fib levels

Summary

*continuing to have real issues with blogger. I do post on Twitter...at such times.
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A 'best bull case' fib extrapolation.. offers the 2040s by mid/late September.

I realise that might sound like crazy talk.. but we're only talking about another 6% higher.
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11.19am... Blogger seems back up and running..thank the gods.

Mr Market does appear to have a secure floor at sp'1911..and as I noted last week... we did indeed see a divergence between equities and VIX...with the VIX failing to break a new high..and we even saw a black-fail candle at the open.

Frankly...perfect.

Just need the 1930s...whether today.. or tomorrow..to open up 1960s.