Saturday 3 October 2015

A damn tough week

Without question, it was a particularly tough week for traders, culminating on Friday, with an intraday hyper swing from sp'1893 to 1951. It was notable that the two market leaders - Trans/R2K, saw net weekly changes of -0.8% and +0.3% respectively.


sp'weekly1b



R2K



Trans


Summary

The weekly equity candles are offering very bullish spike-floors for most indexes. In some cases we have marginally lower lows.. but in others.. marginally higher lows.
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It has been a tough week, and I shall leave it at that.

Goodnight from London
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*the weekend post will be on the world monthly indexes