sp'60min
sp'daily5
Summary
The hourly candle is offering a very minor signal that we might be close to maxing out... but still... unless we close the day in the 2060s... its white flag waving time for those still seeking downside.
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Underlying MACD (blue bar histogram) on the daily cycle is a little on the high side, but in theory.. could claw upward for some days.. even weeks.
Barring an unlikely news wire headline about Greece... this market is going to battle higher into the long holiday weekend.
time to cook......... back soon
11.30am.. Hourly MACD cycle is levelling out... with sp'2078.... but as noted... bears must see a net daily decline to have ANY hope. Right now, the old target of the sp'2020s look well out of range.
Oil cooling, +1.5%... if Oil can turn red... that'll be something.