April 17, 2014

Weekend update

This was a short week... it started a day later and ended a day earlier.

Trend is up with support at 6640. Next week, close above 6820 can see a rally to 7000-7200 levels.

Option writing clues point to support at 6700... apparent resistance at 6800 has vanished.

Weekly charts are bullish and indicate a reversal only on close below 6640.

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