sp'weekly8
sp'monthly
Summary
Barring some bizarre Friday decline of 25/30pts, the weekly 'rainbow' chart is set to conclude the week with a second consecutive green candle.
Far more important though, the monthly charts are set to close with very powerful net monthly gains of 3-5%.
Looking ahead
There is a trio of econ-data to wrap up the week... Pers' income/outlays, Chicago PMI, and consumer sentiment. Those should give the market the excuse it needs to either wash out the weaker bulls in another minor down wave to the 1985/80 zone... or just gap right back into the 2000s.
Regardless of any minor moves tomorrow, net week looks set for new highs, into the sp'2010/20s.
*the next QE schedule will be issued tomorrow afternoon at 3pm.
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Goodnight from London