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 collapse....no, thats just not likely with the underlying momentum as it is.

The closing hourly index charts...


IWM

Dow

Sp

Summary

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...