Friday 26 December 2014

11am update - R2K issues the critical bullish signal

Having broken the double top of 1212/13, the R2K has broken a new historic high. This is (at least to me) only a marginally less bullish issue, than say... QE4 would be. First soft target zone is 1250.... but a straight run into the 1300s seems equally viable by early spring. R2K in the 1500s...and beyond...


R2K, daily


R2K, monthly


Summary

For those with eyes on the bigger picture... today is so very important to recognise.
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*I'm somewhat tired (hey, its Boxing day.. most of Europe is closed)... and it looks like snow might start falling over London city this evening.