Daily U.S. Stock Market Outlook: Stocks Explode As The U.S.-Iran War May Come To An End

By Lawrence G. McMillan $SPX made another new all-time high on both January 9th and 12th — the first time it’s made new all-time highs on back-to-back days since last October. That would indicate a target of as high as 7300. A less aggressive target would the +4 sigma modified Bollinger Band at about 7050….

September S&P E-mini futures:  Inflation is coming down and the Fed is unlikely to tighten any more. A swing up to 6000 is underway. QQQ: Support is 425. Resistance is 500. TNX (ten year note yield): The 3.75% level is support. A swing up to 5.50% is underway. Euro-US Dollar: The Euro is likely to…