Is it time yet for a blow-off move into EOQ?

From what I can tell, Hillary did not seize up tonight or even die on stage, so this counts as a good night for her.  With Fed doves speaking all week, some multiple times, we can now expect a strong move north.

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

Charts 9-20: Drag on into the Election?

Hilsenrath published the plan for this Fall -- indeed, no rate hikes (planned, of course) until the December FOMC meeting.

This means that the only market event of any significance at all until then is the actual Election Day on November 8th.

Here is the ending-diagonal we have been following, with the final high coming on Tuesday, November 8.  It suggests that the wave 4 we have been in since the 2193 SPX high is more of a channel, with the .382 retrace coming late next week, on the final Q2 GDP number.

This much time on the clock ought to get UVXY under $10 again, what a destroyer.

SPX 09-20

Charts 9-12: Updated short-term count

Even with the big upswing today, I suspect we are still in a correction.  Here's the count.

SPX 60D

She won't be missed

Is it too late to get Hubert Humphrey for this gig?  He's much more personable and full of life than this one.

just won the Game of Life