Closing Brief

The main indexes melted quietly higher into the weekend, with the sp +6pts @ 1663. Further gains look likely into next week, but the market should get stuck in the 1675/85 zone, before a strong push lower..to sp'1600/1575, no later than mid September.


sp'60min

Summary

For many, a quiet end to the week is always welcome.

The market sure has struggled this week, but we're surely seeing a small bounce from the sp'1639 low...up to 1675/85.

As ever, one day at a time, but the mid-term downside target of the lower weekly bol (sp'1558..and rising)..looks on track.
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Have a good weekend everyone!

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The usual bits and pieces across the weekend
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*next main post, late Saturday, on the US weekly indexes