Closing Brief

The main market closed broadly flat, although there was some interesting action in a few areas, especially the mining sector.


IWM, 60min

Dow'60min

Sp'60min

Summary

It still appears like we are setting up bull flags on the hourly charts, a flat Monday would make sense before a further leap higher on Tuesday.

I find it hard to believe we can put in any daily closes over 1450 next week, even if Benny does QE.
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The hourly MACD cycle is now around 50% reset. Another 3-6 hours of flat prices, and we'll be ready for the next up move.

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*bits and pieces across the evening to round out the week.