Reference to last posting, SPX 1110 cross over this week and near 1130 (may touch today). This option is obvious! Trend up after consolidating of major reversal (unlikely). Intermediate cyclic up trend more likely.
US Option closing this week range bound. Once consolidatation over early next week, likely market trend up despite higher bull sentiment! Target towards 1200/1250 near year end. End September Option Qtr closing will weigh on trader's option decision (bull or bear) - likely consolidate near month end before trend up in October.
SSE consolidating - cross down 2600 and reverse up above this line! Likely target 2750/2800 next 2 weeks. No major negative market event, Nov/Dec target will be 3000 - 3200 range (or higher). BDI and CRB all showing positive fundamental impact on market trend. Copper consolidates and trend up. Yen finally trend down against USD. Up, consolidate, Higher Up...repeat....market trend!
Will track S&P500(SPX)stock market trend (data) on Friday and next Monday.
Major pull back rule out unless major market trend reversal. Nevertheless, trade with caution. i'm still neutral.
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