Last Friday was the polar opposite of the prior week’s, leaving the S&P 500 (SPY) higher by about +0.3%. In the end, it was technically important that the upward trend channel established off the June lows held. Next week will be much more about the Bernanke testimony and technology earnings. I expect higher highs, but the potential for continued day-to-day volatility.
[Week 29 Calendars: Economic | Reporting]
Source: Mrkt_Commentary** subscription service; prior weekly posts.
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