11am update - a market Odyssey

US equities break into the sp'2000s for the first time.. with viable upside to 2010/15 by early Wednesday - as supported by ALL cycles, not least the giant monthly cycle. With the USD on the rise, metals are naturally weak, Gold -$3. Oil is similarly weak, -0.5%.


sp'monthly3e - 'bare bones'.

Summary

Little to add.

I realise many out there are seeking some form of minor wave lower, but there is very little reason why we'll see even that for at least a few more days.

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This seems...somewhat appropriate...


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Bare bones...indeed.

10am update - awaiting the 2000s

US equities open moderately higher, with the sp'500 set for the giant 2000 threshold this morning. Hourly cycle offers upside for at least a few hours, with key support at 1985 by the Monday close. Metals are weak, Gold -$3, whilst Oil is -0.4%


sp'60min

sp'weekly8b

Summary

At least to me, most notable, upper bollinger on the weekly cycle remains unchanged in the low 2020s. Right now, that remains the ceiling for the equity bulls.
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Both of the smaller price gaps - see hourly chart, look out of range this week.

*equity bears should keep in mind there is QE tomorrow and Wednesday.

Best guess...upside into late Tue/early Wed. We could easily be 2010/15 zone by mid week.


10.14am... and welcome to the sp'2000s.

Pre-Market Brief

Good morning. Futures are moderately higher, sp +9pts, we're set to open at a new historic high of 1997. Equity bulls look set for another week in their favour, with the 2010s viable by end month.


sp'daily5

Summary

*it is notable that the ETF - SPY, is trading at 200.00 in pre-market.
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So...we're set to open pretty close to the giant sp'2000 threshold. A daily close in the 2000s is certainly very possible today - as supported by the hourly cycle.

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Update from the (naturally bullish) Oscar


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Good wishes for the week ahead