Despite a rather subdued and tedious end to the week, it was still a bearish week, with net weekly declines of sp' -47pts (-2.2%) @ 2060 (intra week low 2045). There looks to be another opportunity for the bears next week, and if 2039 can be taken out.. then an 'interesting' test of the 200dma in the 2010s will occur.
sp'weekly
sp'weekly7
Summary
* a closing red candle on the weekly 'rainbow' chart, although it is resting on rising trend/support from last October.
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Its been a long week.. and I will leave it at that.
Goodnight from London
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*the weekend post will be on the US weekly indexes
