Friday 13 September 2013

2pm update - monthly charts offering sp'1720s

The main indexes are holding moderate gains, and it won't take much of a push for the bull maniacs to attain a weekly close in the 1690s. Meanwhile, the bigger monthly charts are offering September upside into the 1715/25 zone.


sp'monthly



Summary

*not much going on...hence I'm throwing out a monthly chart!
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Certainly, if the market can cope with the FOMC next week, there is now no reason why September will not close somewhere in the 1715/25 zone...which of course would be new historic territory.

I did stray onto clown finance TV earlier, and it was noticeable that they weren't generally that confident in mood.

Although they were all in love with some watch. which cost a million $, but which looked ugly as anything.  Maybe I can find the video on it...

Ahh, here is it....ugly over-priced watch...



Now thats bullish!