Closing Brief

The main indexes closed moderately lower, on what was a relatively choppy day. Best guess is a sub'C wave on Monday to hit the sp'1675 target. The weekly charts are looking for downside into September, into the sp'1600/1550 zone.


sp'60min

Summary

Well, not the most exciting of days, but at least we closed <1700.

So..if anything, at least the weekly charts closed marginally bearish.

*I hold short across the weekend, seeking an exit at sp'1675

Have a good weekend
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next main post, late Saturday on the US monthly indexes