sp'60min
Summary
*hourly bollinger bands are getting super tight.. 2003/1996. Usually suggestive of a break..one way or another. Considering the broader trends..the Thursday break would be to the upside.
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No reason to expect much price action in the closing hour for the main indexes.
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As for tomorrow, it will largely depend on how the market deals with the revised GDP for Q2. Even if the number if revised a little lower, with such low' volume...will anyone even notice?
Overall.. market looks set for minor upward chop into the Friday/monthly close.
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3.43pm.. price structure on the 15/60min cycles... a bull flag.
I realise some are still calling for the 1980s..before 2050... but still..we look likely to close the week in the 2010s..with 2025/30 next week.