The broader upward trend remains intact

Despite some interesting equity weakness into the weekend, the broader up trend most certainly remains intact. The bears can't even get moderately excited until the recent low of sp'1814 is broken. Even then, the more important cyclical low to break is 1737.


sp'weekly8b - bullish count

Summary

The above count is a very speculative one, and would get dropped on any break <1814. As it is, I am indeed still seeking the sp'1900s in May.
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As for next week....well, I'll deal with that over the weekend. Many thanks to all those who said hello this week, it makes all the difference.

Goodnight from London
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The weekend post - late Saturday, will cover the US weekly indexes