Brave call there and maybe you'll be right over time. I'm not that convinced myself. Maybe US markets could etch out another 2 or 3% gain next week but around 16500 ( Dow ) and 1940 ( SP500 ) could provide major resistance. IMO how the market performs next week will come down to two things. Fed meeting ( Thurs morning our time ) and Apple earnings release ( Wednesday morning ) .
Apple up 4% today and back over $100. They could easily push the market a lot higher if earnings surprise to the upside. A lot of bad news factored into the Apple share price. With the Fed meeting no significant change will be announced but if there is any amendments to the wording of the policy statement which indicates rate could be on hold for longer then the market will rally hard. My guess is the market has got it right this time and we get a couple days of rally early next week and then heaving selling into the later halve of the week.
