A third week for the bears

It was a third consecutive week for the equity bears, with the sp'500 seeing a net weekly decline of -67pts (-3.4%) @ 1921 (intra week low 1903). Near term outlook is borderline, if sp'1903/00 holds, then renewed upside to at least the sp'2000 threshold.


sp'weekly1b

Dow, weekly2

Summary

*I'm calling it a third week for the bears, despite last week closing net higher, as it was a week broadly in favour of the bears, with severe downside to the double floor of sp'1867.
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It has been a long week.. and I think the above two charts are more than enough to take us into the weekend !

Goodnight from London
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*the weekend post will be on the World monthly indexes.