The week ended on a particularly bearish note, with a net weekly decline for the sp'500 of -33pts (-1.6%) @ 2071. Near term outlook offers multiple aspects of support in the 2065/50 zone. There looks to be another wave higher into end month.. and probably across much of April.. to 2125/75.
sp'weekly
sp'weekly7, rainbow
Summary
*a notable blue candle on the weekly 'rainbow' chart, with the key 10MA offering first support in the 2060s.
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Its been a long week.... and I will leave it at that.
Goodnight from London
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*the weekly update will be on the US monthly indexes
