US equities settled a touch weak, sp -6pts @ 2104. The two leaders - Trans/R2K, settled lower by -0.6% and -0.5% respectively. Near term outlook offers a minor retrace to the sp'2060s.. where the 50dma will be lurking next week.
sp'60min
Summary
... and another rather tedious week in market land comes to a close.
All things considered, it looks like sp'2119 was a short term high. We look set to slide to the 2060s by next Wed/Thursday.. before renewed upside.
On no basis does it look like the market will be sustainably trading under the 2050 for some months.
Have a good weekend
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*a full set of updates across the evening to wrap up the week