sp'60min
sp'weekly
Summary
*even with a higher open, price structure on the hourly chart is still a rather clear bear flag
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So, we're set to open higher, and not surprisingly, I'm already seeing talk of 'new historic highs' within the next few months.
Frankly, to me, this seems ludicrous. One up day, and everyone already loses sight of the bigger picture... seriously?
Equity bears should look for at least a moderately red close. Considering the likely opening gains, the notion of a break <1820 looks out of range for today... so.. those seeking 1815/00 zone, are going to need to wait until next Mon/Tuesday.
On any basis, the broader market is set for a net weekly decline, the fourth consecutive down week.
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Doom chatter to end the week from Hunter
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Have a good Friday