sp'60min
Summary
A pretty quiet day. Any bear out there getting excited earlier this morning about the near 10pt drop on the sp'500, should go stare at one of the weekly index charts for a few hours.
Primary trend is most certainly upward, and the monthly charts would suggest as high as sp'1510/20 in February.
-
US Dollar slipped from slight opening gains of 0.1%, to close around 0.35% lower.
That sort of action will not help the equity bears. Key level remains 78s.
--
Whether we break a new higher tomorrow.. very difficult to say. the underlying hourly cycle would suggest its very possible.
--
Bits and pieces across the evening.