US equities continue to see very minor chop, with the sp' holding the low 1990s. A daily close in the 2000s looks somewhat difficult. Metals are attempting a small bounce, Gold +$2. Oil remains weak.. -0.7%
sp'daily3 - fib levels
Summary
Yes..its just one of many upside outlooks, but hey... a 1.6x extrapolation of the recent down wave...offers the sp'2040s in September.. and I think that is a very valid target.
Certainly though, that will likely take at least another 2-3 weeks.
-
Watching clown finance TV...
One of the doomers turns bullish... with (I believe) a target of sp'2300 by year end.
Another bear capitulates, make of that... what you will.