Implications and Outlook
1. Further short-term bullish momentum likely to hit Index Rally 13075 and perhaps all the way up to next 13405 level.
2. The break of one of the Rallies will undoubtedly bring serious of the short-term bearish implications, having downside targets to Mean Support 12690 and Key Support of 12422.
3. Current bullish/bearish bias is 80/20
4. Chat is that you will find there's a vast amount of cash going in the US Money Market funds just last week alone escalating by $5.5 Billion, making the total assets to $2.8 Trillion. Could easily get exciting whenever that starts to move.
1. Further short-term bullish momentum likely to hit Index Rally 13075 and perhaps all the way up to next 13405 level.
2. The break of one of the Rallies will undoubtedly bring serious of the short-term bearish implications, having downside targets to Mean Support 12690 and Key Support of 12422.
3. Current bullish/bearish bias is 80/20
4. Chat is that you will find there's a vast amount of cash going in the US Money Market funds just last week alone escalating by $5.5 Billion, making the total assets to $2.8 Trillion. Could easily get exciting whenever that starts to move.