Thursday, 1 September 2016

...and back to full bullish

With the start of a new month, underlying price momentum has continued to tick higher. The US - along with most other world markets, are looking rather comfortable.



Suffice to add.... we're back to 100% bullish.

To me, things only turn bearish with any sustained price action under the key 10MA.. which is now in the sp'2070s.

A year end close in the 2300s looks increasingly probable, not least if the bears can't manage to break back under the breakout level of 2134.