We have now poked our heads above resistance. There may be some back and fill noise before heading higher or lower. Staying long for now.
2700 still providing good flooring. I would think that there is a better than 50 percent chance that 2740 will be carved out as new short term support.
The key spot to get above for the July bar would be 2791.47 cash. This was the high of the most recent June Bar and would be nice to close above that. 2791.47 was the most recent reaction high. So, the jury is still out on whether or not we'll continue higher, but my belief is that we will. Time will tell.
I give you the respect you deserve.. but you have a tendency to POOF when things ain`t lookin` so sweet for the Bullys on certain stretches.. Yet when lookin at a Bully hammer or powerful up move... You fingers start typing/ dancing the Tarentella on the keyboard. Just another observation on my end....
Looks like Europe (DAX and DJ600) have decided to follow us, at 10:30 -- which means a change of behavior at the Euro-close is not likely. (Which jibes with the headline of 'China waiting til 12-midnight to initiate tariff responses to U.S. charges.') Because this is headline ('grey swan'??) driven, though..... I don't trust it. And a 1min ATR of 1.0 S&P points right now -- 11:30am ET ... "Clean trending action and good stair stepping for us hit and run guys" ... Yeah! I can see that. Yep! Keep stops on today, though..... Sheeesh.