sp'weekly1b
sp'monthly1b
Summary
re: weekly1b: a minor net weekly gain of 5pts (0.3), settling at 2052. Most notable, a lower high... and lower low. First resistance is the 10MA... around 2060. A break back into the 2100s looks out of range, not least as the market is (mistakenly) now under the belief the Fed might raise rates in June (or July)... and there is the looming BREXIT vote of course.
re: monthly1b: a May close under the 10MA - currently 2014, should be a target for those equity bears seeking major market upset in June.. and perhaps across many months ahead. It not absolutely essential.. but it sure would help instill some confidence!
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Permabear Space
Four years ago I started this blog, having originated from the ERX board on Yahoo! finance. The only intention was to post once a week. Naturally, being the obsessive person that I am, it soon spiralled to eleven posts a day.
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Posts from next Monday
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