I am profoundly distracted right now getting my new setup operating smoothly, particularly since my home office doubles as a miniature television studio for my daily show. So please bear with me!
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SPX closed the week five points under the weekly upper bollinger band, delivering a sixth straight week with a close near this level. The weekly upper BB is rising at about ten points per week so if this continues for a seventh week the likely closing range would be in the 1528 – 1534 area: