Friday 12 September 2014

Closing Brief

US indexes closed the week on a somewhat negative note, sp -11pts @ 1985. The two leaders - Trans/R2K, settled u/c and -1.0% respectively. Near term downside target remains sp'1973/70, along with VIX 15s.. before the primary upward trend resumes.


sp'60min


Summary

....and that concludes another week in the world's most twisted and rigged casino.
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Suffice to say...we still have sp'2011 as a key high...and with the Wed' low of 1982 broken under, the market looks set for the low sp'1970s next Mon/Tuesday, before we go back up.

I do expect new historic highs in October. Whether we keep on pushing straight into the 2100s... difficult to say.

Have a good weekend
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*the usual bits and pieces across the evening...to wrap up the week.

The weekend post will be on the US weekly indexes.
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As ever, I will be keeping an eye on Bardarbunga this weekend. The eruption at the nearby fissure continues, and a major explosion of the core volcano itself looks likely at some point. Such an event would have possibly major consequences for NW Europe this autumn/winter.

Live stream (link subject to change)...


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