I see it as a final thrust in an expanding wedge, a vertically-oriented megaphone, that can bring us to new all-time highs before the week is out. After that, anything can blow up and end the party, as early as this Thursday with the final Q2 GDP read. We could also hold out until the Friday close, so everyone can get paid before the weekend.
|SPX 30D hourly|
BTW, I hiked the 43-mile Devil's Dome Loop in the Pasayten Wilderness here in WA, and I can report that it is gorgeous. Heaven on Earth, really. But please don't move here.
|Devil's Ridge Trail #752|