US equities are set for net weekly gains, even if there is some significant weakness into the weekly close - which itself looks less likely. The market has already ramped from sp'2044 to 2124 - a gain of 3.9%, and the giant monthly upper bollinger in the 2180s (best bull target) looks viable in Aug/Sept.
sp'weekly2
sp'monthly
Summary
Suffice to add... we're clearly set for a net weekly gain, and regardless of any retrace in the near term, the market looks set to broadly climb into next month.
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Looking ahead
Friday will see the latest CPI, Housing Starts, and Consumer Sentiment.
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Goodnight from London
