2pm update - moderate gains on the week

The market is ending the week on a very quiet note, with the main indexes largely flat, and the VIX merely melting lower, on the edge of breaking into the 11s. Across the week, the market the sp' has managed a sixth week higher.


sp'weekly8 - mid term outlook

Summary

The weekly chart say its all, the broadly bullish trend continues..into next week.

Best guess, the up wave does complete next week, and then its just a case of how long it takes to claw back <1600.

Baring at least some 'QE taper' in September, I'd just have to assume broad upside into spring 2014..with sp >2000.

Great huh?
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