Friday broke higher on a gap and had good volume at 2m contracts and 4bn shares on NYSE.

The market remains bullish going into this week ahead of AAPL's earnings tomorrow and the Fed on Wednesday. I'm expecting continuation higher to test the 2077.50-79.00 zone (see below) and some consolidation if that is hit. Failure to hold above Friday's RTH low could see a test of the nVPOC at 2045.50 and 2037.50 range low from Aug 12th. If there is a large beat on estimates from AAPL and we could easily see new all time highs this week. The current all time high shows no sign of excess (i.e. completion of the upside auction visible by a long selling tail on the longer time frame charts).