So, here is the Summer rally of 2018, jerky, stop & go, back-filling, confused, and rather weak, so far. But, it's still early and while we may not get a rip-roaring rally blazing away to new record highs, there is the possibility of at least SPX 2800/05.
This will not be pretty, market is weak and indecisive, there will be very slow activity on some days and frenetic action on others, and day-traders might want to look for a day job elsewhere. The really big news could be the failure of bulls to run with it and give up the baton to ever eager bears who have so far failed to capitalise on the bull's lethargy and fear..
SPX 2700 has been the line in the sand but remember that the more times support hold the support does not necessarily gets stronger! There is a reason why the market declines to that level and one day the support will not be able to withstand repeated hammering, after which the flood gates will give away to .....2600? 2500?
SPX 2600 and lower will be seen in 2018, and certainly in 2019, but when in 2018? Summer or Fall?