3pm update - holding gains into the close

There would seem little reason why the market won't be able to hold the current gains into the close. SP' is +7pts @ 1624..only another 175pts to go. 11% across 3-4 months? It just looks as though the market is in the early phase of a relentless new up wave.


sp'daily5

Summary

We've seen this kinda action before, and it can last MONTHS.

The notion that this is merely the tail end of an up cycle...errr, no,..I can't see that.
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I have to say it is a disturbing thought of sp'1800s by late summer, but hey, at least if I'm right, I can choose NOT to short it, maybe go long sometimes, and then be able to launch a major re-short in the autumn from the 1800s - which is a hell of a lot better than shorting from 1500s..

*consumer credit data due @ 3pm. Look for higher debt, but hey, that's a good thing, right?
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Gold...is a problem, clearly outside of its bear flag/channel.

 back at the close