Closing Brief

The market closed broadly higher for the week, with the SP' gaining around 2% on the week. The one solace for the bears is that the April'11th high of 1597 was not taken out. It looks like we closed the week with a small index bear flag, suggestive of weakness on Monday.


sp'60min

Summary

Its been a long...and tough week for those in bear land. I'm glad its over.

As noted, at least we didn't take out the 1597 high, the obvious key objective for the bears is to take out the recent low of 1536.

Have a good weekend.

 --
*bits and pieces to wrap up the day, across the evening. 

Next main post, late Saturday, on the weekly US indexes