sp'weekly7
sp'weekly9
Summary
A bounce was expected.. and we've already seen a huge move from 1820 to 1949.
My 'last line' remains around 1970... I certainly don't want to see any sustained price action above there.. otherwise the bigger monthly cycles will start turning back upward.
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Looking ahead
We have a fair few bits of econ-data, jobless claims, PMI manu', and leading indicators.
*there is QE of around $1.5bn.... the penultimate QE-pomo day.... :)
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Goodnight from London