New daily swing highs once again on S& P, Dow and Nasdaq and all support is updated. Nasdaq has surpassed the initial daily target and S& P/Dow should be on the way. Note that the daily 50 CCIs are rather extended to upside, and even the .382 support levels on the dailies are pretty far below current price. This is a reminder to be prepared for the possibility of pullbacks even before we see the next daily targets. While there's no certainty that we'll get such pullbacks, so far we've had very little in the way of corrective declines throughout this rally and that shouldn't lull us into thinking that a straight run to targets is guaranteed either! We also have a minor timing high zone coming into play on the S&P this weekend, with more of an emphasis on this coming Monday. That will amplify any resistance encountered during that time. But the more major timing highs on S& P and Dow remain focused on August 4th – 6th.

S& P cash daily:

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Dow cash daily:

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Nasdaq cash daily:

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On any decline, we're watching for holds or break of the 45 minute support zones on the corresponding futures contracts in our chat room. So far all support has held throughout this rally.

ES 45 minute:

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YM 45 minute:

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NQ 45 minute:

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