This article gave some interesting insight into how next week may shape up in the US:
http://www.reuters.com/article/hotStocksNews/idUSTRE4BP3J820090103?sp=true
Monday will be 45 days from Nov low and would be a nice set up for a high or should at least provide some resistance I would have thought. Certainly a bit surprised by the extent of the rise in the US on Friday. It would be unusual for any rally to not exhaust into its high and this appears to me to be what is happening right now. The small double bottom on the daily s&p 500 justifies the fast move up over the past 3 trading days but it was only small and the fast move up has been a bit large by comparison imo. It must be stretched right now for my mind and I'm looking at what happened after the last spurt up on thin trading around Thanksgiving.
Expecting at least a pull back next week although the 918 level may now offer some sound support as it did provide stubborn resistance for weeks and Friday moved through it with relative ease.
I find it helpful to type out my thought sometimes to crystallise things so make of this what you will...
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