Closing Brief

US equities settled the week with some mixed chop, sp' +0.5pts @ 2039. The two leaders - Trans/R2K, both settled lower by -0.1%. Near term outlook continues to offer a retrace, but then.. that has been the case for the last two weeks... urghh.


sp'60min

Summary

A brief look at the hourly chart covering the last 22 trading days, clearly shows a market that is obviously tired.. having ramped from sp'1820.

We're due a retrace.. best guess remains sp'1980/50.
--

Sincerely... have a good weekend everyone.

--
*the usual bits and pieces to wrap up the week... across the evening.