sp'60min
Summary
*closing hour action: a new cycle high of 1940, bodes for the 1950s next Monday.
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.. and I thought the 1920s were a bold target for the Friday close yesterday morning.
So.. another week comes to a close... one that has probably confused and annoyed many.
For me.. as I said across the week, the weekly cycles did not favour the bears. I've never seen a new down wave begin from such a technical setup.
To break <1812.. first.. we need to rally, and we've now seen about 75/80% of the gains.
As things are, I think its possible I could start launching market shorts in about 7-8 trading days.
Have a good weekend
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*the usual bits and pieces across the evening to wrap up the week... and month.