The intervention rally during the last 15 minutes took SP500
from 1.311.77 to the top close at 1.314.51. Very near to the first weekly
close resistance at 1.316.07. DOW rallied to a new high and closed at the top
at 12.718.7 just 6 points shy of July daily high close at 12.724.0
DAX, FTSE, CAC and SWED all closed on new highs but just
below October highs.
The strong up trends are all in place and the markets should go higher on Monday. The EURO closed above a weekly important resistance point at 1.2931.8.
I do not believe the DOW and SP500 take can take out the
2011 tops right now but the coming week will be extremely interesting. Asia trading Monday will give us the first clue.
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