Another week for the bull maniacs

Mr Market comfortably coped with the FOMC minutes and Yellen at Jackson hole this week. The sp'500 saw net weekly gains of a rather significant 33pts (1.7%), with a new historic high of 1994. Outlook into mid/late September remains 2030/50 zone.


sp'weekly8b

Summary

..and that concludes another week in what remains a crazy and twisted market.

The sp'1904 low is now far below... and it would seem unlikely to be tested until October...if at all this year.

Goodnight from London
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*the weekend update will be on the US weekly indexes