Tuesday, 22 May 2012

11am update - Breakouts...everywhere

Market starting to accelerate away. The big money bears will already have retreated back to their caves..at least until early June.

So many key signals are triggering in this past hour. For this hour, I'll stick to the 60min cycles, highlighting those important breakouts. Yes, some are not quite there yet, but all indexes are trending higher for a second day running.






Confidence is returning (at least to me), I'm adding back some numbers and giant arrows to my charts. Or maybe thats not such a good sign? Oh well...I'm still super bearish across the 2-5 month term, I'll note those updated outlooks in the next hour.

Good wishes :)