12pm update - awaiting the weekend

With the jobs data pleasing Mr Market, we're holding onto moderate gains. The Dow broke the QE spike high earlier, the SP' will probably follow later today or Monday.

Whilst the underlying momentum is about to go positive cycle within the next 5-10 trading hours, bulls are set for a few more days of upside.


sp'60min

sp'daily5

Summary

We may or may not close >1474, not that it matters. Underlying cycle is still upward.

Once again, we put in a higher low...and now we're set for another higher high. Until that pattern stops, bears are fighting a freight train, driven by the Ben Bernank.
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Time for lunch, back at 3pm