sp'60min
Summary
... and another week comes to a close.
I do understand why some have been attempting minor index shorts from the sp'2120s, but to me.. it seems overly risky.. not least as the indexes are set to close with net weekly gains.
It'd seem the market will continue higher into early/mid June, at which point we'll be likely trading somewhere in the 2140/70 zone.
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As for yours truly, the week started fine... but hasn't ended so great as Gold just keeps on clawing higher. Perhaps its just a one week 'crazy bounce'.. of which we've seen dozens since the 2011 bubble peak. No doubt, the weakening USD is a primary upward pressure for the metals. Sooner or later.. King dollar will turn back upward.
Have a good weekend.
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*the usual bits and pieces to wrap up the week... across the evening