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21st September - The next bull leg of US Stocks?

24 September 2018

TECHNICALS:

 

WEEKLY CHART

 

This market looks in good order.

The long-run trend line support is far from being tested.

The market has moved sideways since the High of January 2018.

But now, nine months later, that Old High has been superceded and that level 2879 will act as good support on any pull-backs. 

DAILY CHART

The market dithered at the Old High, fell back to test it as new support and now has rallied hard beyond.

The bulls are in charge. 

WEEKLY CHART

 

This market looks in good order too.

The long-run trend line support is far from being tested.

It has been well-constructed thus far…

DAILY CHART

The completion of a continuation triangle sets the scene for the next bull run.

The short-term target? 1790 minimum target 

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28th September - watch the Uk Gilt market closely

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13th September - The US Bond market is poised

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