Friday, 15 June 2012

Closing Brief

Welcome to the weekend! As expected, with the break of 1340..looks like some bears covered into the close. A few will be holding across the weekend of course, looking for a Monday, thats just not likely with the underlying momentum as it is.

The closing hourly index charts...





All indexes have confirmed and closed above their bull flags. That makes for a very bullish end to the week, and next week should have at least 2% follow through - which would equate to around sp'1360/70.

A little more later...