The main indexes closed with some mixed chop, sp -0.6pts. There probably risk of further downside early next week, and it seems the magnet for the S&P right now is the resistance level back in december 2013 of around the 1810 - 1811 area.
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| spx update |
Lets be honest, it was pretty chopping trading this week, however, you must remember that the big wig traders, are actually still on holiday, and its still a quiet slow wet market right now.
Next week things really get back to normal, where we have the FOMC minutes midweek, and the monthly jobs data next friday, so things should be a bit more active I would think next week.
More updates coming!...
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