A busy week!
The bears tried to push the US markets lower but they could only get so far.
A fair bit of short covering and buying support happened on Thursday & Friday US sessions.
This occurred despite terrible news on the economic front.
When the markets shrug off bad economic news, it means it's probably going to continue to go higher.
It looks like APT doesn't even feel like going back down to the 30s.
I see continued strength next week and we should see a new all time high set. $45 sounds like a good target that is not out of reach.
APT Chart, page-1523
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