sp'60min
Summary
*the above hourly chart still includes a possible ABC outlook, but considering the bigger cycles..I'm guessing it won't pan out that way. A break >1814 will trash any hopes of a move <1800.
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I realise for many bears, today was a deeply frustrating..and annoying day. For whatever it is worth, you have my sympathies.
Yet..nothing has changed. The market is just doing what it has done across much of this year. Little minor decline teases..only to whipsaw the indexes back upward.
As for next week...I can only think that with continued QE (especially next Monday) we'll see follow though, with new index highs.
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To all out there... have a good weekend.
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*the weekend post will be on the US monthly indexes