Reinforcing the Wednesday break above 2100.75 to push through 2112.75 and nudge 2117.5 on Thursday to leave the bias to higher targets into Friday.
Although we see a wider range theme through mid-July, the bias is for a bullish shift through 2122.0.
We see an upside bias through for 2117.5/18.5 and 2122.0; break here aims for 2126.5.
But below 2106.5 opens risk down to 2095.0, maybe 2090.5.
Short/ Intermediate-term Range Parameters: We see the range defined by 2122.0 and 2034.25.
Range Breakout Challenge
Upside: Above 2122.0 aims higher for 2126.5, 2137.25 and 2150.0.
Downside: Below 2034.25 sees risk lower for 2026.0/24.5, 2007.25 and 2000.0.
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2 Hour S&P 500 E-mini Future Chart (Sept contract)
Daily S&P 500 E-mini Future Chart (Sept contract)