1pm update - melting higher

A minor up wave for the US market has driven the sp'500 to within 0.2% of breaking a new historic high. With sig' QE tomorrow morning, equity bears face further problems. Gold is holding moderate gains of $6, whilst Oil is +1.1%.


sp'daily5

Summary

Little to add.

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Equity bulls should seek a daily close for the R2K in the 1160s, that would help calm down the maniacs who are still touting major downside.

As noted earlier, I'm seeking vastly higher levels in the R2K... initial target is a monthly close (whether July...or August) in the 1220s..... and then 1280s.

The 1300s are my grander target..and that would equate to sp'2100s.