More of the same.  Today’s forecast is exactly the same as yesterday’s, with a little more certainty thrown in regarding a backtest.

continued for members…

CL continues to falter.

So, with USDJPY tagging its .886 of the Brexit plunge…, and DX finally backing off its SMA200…we’re likely to see SPX backtest 2138 (or, as close as they dare) before any more substantive gains.It still hasn’t rejoined the rising white channel — and, as we discussed, it need not in order to move higher.  My intermediate target remains 2180ish.