Closing Brief

The main indexes battled higher into the weekend, with the sp +11pts @ 1744. The two leaders - Trans/R2K, closed up 1.2% and 1.1% respectively. The outlook for the rest of the year looks very bullish..and the bigger monthly cycles are showing increasingly bullish price momentum.


sp'60min

Summary

For many, it was another very tough week. No doubt more posters and traders of the bearish persuasion will have thrown in the towel this week.

Considering the bigger weekly and monthly cycles - which are both back to outright bullish, I can only conclude we are headed higher....much higher.

Have a good weekend
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*the weekend post will be on the US weekly index cycles