Dear readers, we hope your summer is going well. Even though trading is lighter right now, we’re monitoring the equity indices closely. Here’s a selection from our most recent “The Week Ahead” post for subscribers at Trading On The Mark.
S&P 500
Still looking for a minor retrace in SPX to around 4223 before rising into the end of the month. The form since last October isn’t the clearest but don’t think there are many squiggles left in it. The overall message has been up in to June/July/August. Now we are here. The fast cycle is pointing up till the end of the month. I wouldn’t be shocked to see that leak into early August.
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