sp'60min
Summary
Not much to add. It does look like a bull flag is developing on the hourly cycle, that could take all of Monday to complete.
I would find it hard to imagine the market breaking over 1450 next week, even if the Bernanke launched an open-ended QE - which I don't believe he will.
Regardless, no point shorting here, not least in options, which will decay across the weekend.
Back at 2pm