Looks like we're in an upward channel while continuing to respect the lower trend curve. (I should have moved it up higher in my previous outlook, not sure why I didn't.)
Anyways, here are my scenarios.
1. We maintain the channel and possibly break out/up looking at new ATH. I think this is where the momentum is headed. However, need to break that 63/64 RSI, otherwise... 2. We move down, test the lower trend curve around 50k (but not the lower channel). If we break these, look out below but I don't see this scenario as likely.
And we may still see an October surprise (FUD, Taiwan, debt ceiling, aliens...who knows).
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