sp'monthly
Summary
A very draining week.... I will leave it at that.
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*Bonus chart*
Its late, but just noticed the R2K. The monthly 'rainbow' candle turned green with today's extra gains.
R2K, monthly'2
*ignore the downside targets, those are all now on hold.. and will be removed on any move >1213.
A net monthly gain of 6.5%. Even more incredible, just reflect on the fact that the October low was 1040.. and we closed at 1173... a 133pt gain, a swing of 13% across 13 trading days.
The closing green monthly candle bodes for further upside. The double top of 1212/1213 is now at threat of being broken by year end... and if that occurs, then it has to be asked.. just how high will the R2K go then?
Goodnight from London
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*the weekend update will be on the world monthly indexes