sp'60min
sp'daily5
Summary
*the opening fractional break of the 50 day MA, now looks like a cruel bear tease in retrospect.
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I should note...Gold is now just $12 shy of breaking the 200 day MA, at which point, a lot of people are going to get interested in jumping aboard.
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Bears seem to be facing a fleet of star destroyers today, not just the one...
Anyone not already aboard an escape capsule...is out of luck today.
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2.33pm... Smaller cycles remain looking exhausted on the upside, yet with the break of new highs, who could be short here?
A major problem for the equity bears (even if somehow we fall from here), the lower bollinger on the hourly cycle will be around 1820 by tomorrow lunch time..so...how are we going to be trading under there?
The daily/weekly charts look fiercely bullish, and it is a disturbing thought that we've now seen a 97pt across 7 trading days.