Weekly summary

Friday's action handed the week's action to the bears. However, the prevailing trend is bullish and indices still have support to look too. The Russell 2000 tested May-June support and is well placed for a bounce on Monday (stops on break of support):



Large caps took 1% hits on Friday, but money flow for each is on the rise. The S&P was able to meet its projected target from the February-April correction:




While the Nasdaq has been riding the good fortune of semi-conductors and has the strongest money flow. The projected target fell a few points short but it looks as good as met:



Next week is another week. Can bulls re-assert the trend or will a larger sideways pattern unfold?

Fallond