sp'weekly7- count'1
Summary
A simple 'rainbow' (Elder impulse) weekly chart to conclude the week.
As I have been highlighting every day this week, I wanted to see another red candle by the Friday close. We came within 2/3pts of that candle turning red (as it was in the early morning).
So..a blue candle..but..at least its not green, and the bulls did not manage a close above multiple resistance in the sp'1620s.
-
I hold heavy short into next week, so...I sure hope we see some renewed weakness in the early part of next week!
Goodnight from London
---
*next main posting, late Saturday on the world monthly index charts.