2150s before year end

Despite extensive price chop around sp'2050 this year... there is still viable upside to the sp'2150s before year end. The bigger weekly/monthly cycles both offer upside of around 5% from current levels. The only thing that could wreck a bull party into year end... remains the Fed.


sp'weekly1b

sp'monthly

Summary

Suffice to add, note the upper bollingers... both weekly/monthly cycles allow the 2150s in the immediate term... and right now.. .that remains my upside guess.
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Looking ahead

Friday has a fair bit of data... PPI, retail sales, bus' invent', consumer sent'.

That should be plenty enough to keep everyone awake across tomorrow morning.

Right now, a weekly close in the 2060/70 zone looks probable. Considering the Wed' reversal, sustained action >2080 looks unlikely this side of the FOMC.
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Goodnight from London