Here's the channel; we closed outside it today, with a Fed meeting tomorrow to keep things interesting.
|S&P 500 hourly, LOG scale|
Once we are back inside the giant pink megaphone, I don't think it will take much to trip us up and drop us back to 2140 on the S&P 500 for 1 of C down.
|S&P 500 suggesting C is close|
3 of C is a September-October affair, targeting the 1000 level, kicking off right after Labor Day.