sp'60min
Summary
I'm guessing 2070 is a key floor.. a 27pt (50%) retrace of the move from 2045/2097.
I do NOT expect sustained action <2060 for the rest of the year. Ongoing style of price action simply suggest otherwise.
It remains merely a case of whether we settle November, a little above... or below the sp'2100 threshold. In either case.. equity bears have little business in considering anything short.. and that even includes Oil... which looks vulnerable to upside into December.
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notable strength...
CREE, daily
CREE opened -1%... but swiftly recovered.. and looks headed for the 200dma.. in the rather obvious price gap zone of 29/30.
yours... a fan of light bulbs.