Well, it feels like another round-trip week, but it was actually down-up-down ride, with end result of doji weekly candles on many charts. After not very decisive decline on Monday, I put support levels on charts that worked well, and whole action of the past week was just bouncing between the support and resistance.
SPX honored its support at 1320 and appears to be drawing a falling wedge. In case it breaks down next support at 1295 should hold.
Oil did indeed held up 95 despite 4 attempts of pushing it lower.
Gold seems to be leading the way.
In summary, the major event appears to be failing bear raid in commodities, and hopefully some more juice in equities that I expect to show itself up next week.