Wednesday, 18 March 2015

Back to outright bullish

With US capital markets 'inspired' by the latest FOMC statement, equities soared back into the sp'2100s, which has resulted in the bigger monthly MACD cycle turning back to outright bullish. Outlook into April is bullish, and any hope of a bearish monthly close are now off the menu.



Suffice to add...  Mr Market seems very pleased with the current situation, and with the USD cooling from DXY 100 to the 97s, equities look set for new historic highs.

*it is notable that the upper bollinger on the monthly is offering 2170s in the immediate term.

A fair few are seeking sp'2300s by year end... and at the current rate of trend.. that would indeed be the natural target.