Closing Brief

The main indexes closed significantly higher - no doubt fuelled by QE, with the sp +23pts @ 1770. The two leaders - Trans/R2K, closed +1.1% and 1.9% respectively. Near term trend remains somewhat messy, but the mid/long term trend remains outright buliish.


sp'60min

Summary

Nastiest. Market. Imaginable.
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For those who have been holding short from yesterday, this is indeed a terrible way to end the week.

Even the sp'1730s - a level I thought viable, now looks out of range. Indeed, Monday could easily gap straight >1775..and then we're probably looking at 1780/90s..certainly by end Nov.
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Dare I say...have a good weekend.

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*the weekend post will be on the US monthly indexes