sp'weekly8
Summary
*I remain reluctant to get overly focused on any kind of wave count. Without question, the broader trend is still a series of higher highs.. and higher lows.
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So, we start the week with a blue candle, but we're still comfortably above the weekly 10MA - at least for the sp'500. Unless we lose 1990 this week, and get a weekly close <1975 or so, bears have little to tout.
Looking ahead
We have a trio of fed officials talking tomorrow, Mr Market will be listening as ever.
In terms of econ-data - house price index, PMI manu', and Richmond Fed'
*there is QE of around $1.7bn... bears beware!
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Goodnight from London