Pre-Market Brief

Good morning. Futures are moderately higher, sp +3pts , we're set to open at a new historic high of 1962. Precious metals are a little lower, Gold -$5. Equities look set for a weekly close in the sp'1960/65 zone, with 1970s viable next Mon/Tuesday.


sp'weekly8b

Summary

Well, new highs are due....not surprisingly.

Price structure was a baby bull flag on the hourly chart, and there is little reason why the bulls won't close the week on a high.

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Good wishes for Friday trading.
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9.33am. With the move to the sp'1960s, the monthly 'rainbow' charts have turned outright bullish, for the first time since last December.