A narrow range, high level consolidation on Wednesday of the solid push higher Tuesday above our next target at 2109.0 and energizes upside pressures through month-end
This reinforces upside risks from the Friday dip and bounce, from ahead of chart support at 2080.75 to surge through the 2100.0 psychological/ option barrier.
Short-term Outlook - Upside Risks: We see a more positive tone with the bullish threat through the 2122.5 Fibo extension target.
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4 Hour S&P 500 E-mini Future Chart