12pm update - upside to the sp'2030s

US indexes continue to see minor chop, although there are notable new historic highs for the sp'500 and Transports. Metals/Oil remain significantly lower, as the USD (still King) continues a multi-month climb.


sp'weekly8

Summary

Little to add.

Whilst many continue to call for a dip, retrace..or 'grand wave lower'...the market continues -as a whole, to grind higher, not least reflected in the two leaders - Trans/R2K.

Upper weekly bollinger is now 2027...and will probably be around 2030 by Thur/Friday. For now..that is the upside target.. whether this week or next... makes no difference.
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VIX update from Mr T.


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time for lunch