...it won't take long to break the giant sp'2000 threshold. Whether this week, later in August.. or September, there seems zero point in attempting any shorts. Indeed, the only weakness is in the precious metals, Gold -$5, with Oil -1.4%.
sp'daily5
Summary
Whether you want to label everything since the sp'1904 low as a wave'1...or whatever... the trend is clearly UP.
No doubt some will be getting overly excited on the next minor retrace..but then...what else is new?
The sp'2000s are coming.
Other Sept' index targets: R2K 1190/1200, NYSE Comp' 11300s, Dow 17200/300
time for lunch..or something
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12.22pm.. micro flash crashes all over the place...only just noticed...
AAPL, 5min
oh well, its still bullish, yes?
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12.30pm.. R2K +1.5%.... Dow +171pts.... its starting to get pretty crazy bullish again.
Increasing chatter on Oil...but from a 'bullish economy' perspective.