Saturday 26 September 2015

Net weekly declines

It was another bearish week for US equity indexes, with the sp'500 seeing a net weekly decline of -26pts (1.4%), settling @ 1931. Near term outlook remains bearish, with a test of the Aug' low of 1867.. and an almost equally viable break down to the Oct' 2014 low of 1820.


sp'weekly6


Summary

It has been a very busy and tiring week, and I shall leave it at that.

Goodnight from London
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*the weekend update will be on the US weekly indexes