sp'60min
Summary
Not much to add... it remains choppy.... I sure don't see much chance of a major break higher.. not even as China remains in hyper-bullish mode.
Target remains sp'2090/80 zone... probably by Wed'
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notable weakness, coal miners, BTU -6.7% @ $3.15... the $2s are a'coming, right?
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Interesting guest on clown finance TV this lunchtime...
$85 by end September looks EXTREMELY unlikely. The bigger weekly/monthly charts will barely be offering the $70s in late summer, never mind $80s.
My upper end target remains $75.. but that looks highly unlikely as the USD is set on a course for the DXY 120s... even the mainstream are broadly agreed with that.
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stay tuned!