Regardless of the exact close, the equity bulls are set for the second consecutive net weekly gain, some 1.7% for the sp'500. With a new historic high, there is very little for the bears to look forward to.. not least with the Greeks set to bow to their German masters next Monday.
sp'60min
Summary
Hourly MACD cycle is set to get a bearish cross in the closing hour.. that bodes for some weakness... with the 'rats selling into the long weekend'.
Overall though.... the broader picture remains outright bullish.
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back at the close
