sp'daily5
R2K
Trans
Summary
Suffice to say... two days up...a day of chop.. and considering the hourly index cycles, we're set for further gains tomorrow.
What happens when the market attempts to clear the 50 day MA of sp'1955.. that is a key issue... and is very difficult to answer right now.
Bulls could easily fail on the first attempt.. but succeed next week.. with a key break into the important sp'1970s.
Best guess... sp'2000s in September....and thus I am holding LONG.
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Closing update from Riley
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a little more later...