Friday 6 March 2015

Another tease to the equity bears

With the US equity market slipping from a new historic high of sp'2119, to the 2060s, the giant monthly cycle has once again seen a MACD bearish cross. However.. this is very likely just another cruel tease to the infamous 'doomer bears'.... with another wave higher due.



Suffice to add... I don't think we'll see sustained trading under sp'2050 in the current wave. More likely.. we'll claw higher into end March.. and across April.

MARCON 6.... but set to close the month at 7.