A fourth week of gains

US equity indexes saw a fourth consecutive net weekly gain, with the sp +22pts (1.1%) @ 2022, having rapidly recovered from a Thursday low of 1969. Near term outlook offers the 2038/43 gap zone, before the market likely maxes out. First soft downside target after the FOMC will be the 1930/20 zone.


sp'weekly1b

Trans

Summary

*It is highly notable that the 'old leader' - Trans, saw an eighth consecutive net weekly gain, the best run since the 9 week run of gains in March-May 2009.
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Its been a pretty interesting week... and I'll leave it at that.

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