sp'60min
Summary
Clearly, the market has managed to get through the FOMC minutes of Wednesday, and now Jackson Hole..without ANY significant damage.
Primary target remains the upper bollinger on the weekly cycle.. currently in the 2020s, and that will likely jump into the 2030s next week.
...indeed, at the current rate, by mid Sept' , the 2040/50s look very viable, and that would make for a far better short level.
Notable weakness, Oil/gas drillers, RIG -1.7%, SDRL, -1.3%
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time to cook!
11.04am minor weakness... but it all feels tedious.
I see a lot of counts out there, touting a sub'4 of 3... but really...difficult to fathom the micro nonsense.
What is clear...broader trend is UP...as is reflected in the VIX that generally remains sub teens.