The following chart is of the S&P 500™ as of around noon time U.S. via one hour intervals. I’ve notated it as to how I’m currently viewing the “markets” and it speaks for itself. To wit:
The obvious question is: Can it go higher?
My answer, Yep, but it would not change my opinion nor nullify my notations for how I’m currently, still, viewing the machinations going into the quarter end on Thursday.
As always, we shall see. But for those that want to know, the above is what I’m still watching to the exclusion of all others.
We’ll discuss this and more tomorrow. See you then.
© 2022 Mark St.Cyr
Note: This is not trading or investing advice of any sort. This commentary is for “big picture” discussion purposes only. Please read, or re-read the “About This Site” page for any questions or clarifications.