Friday 29 August 2014

Closing Brief

US indexes clawed higher into the holiday weekend, sp +6pts @ 2003. The two leaders - Trans/R2K, settled u/c and +0.7% respectively. Near term outlook is for 2020s next week, with 2030/50 in the latter half of September.


sp'60min


Summary

...and another month in the crazy & twisted market comes to a close.
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It has been a really bullish month, having seen a ramp from sp'1904 to a new historic high of 2005.

Daily/weekly cycles are offering the 2020s next week, which seems very probable.

Sincerely.. have a great holiday weekend everyone!
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more later... on the VIX