3pm update - baby bull flag

US equities continue to hold sig' gains, after the borderline bearish hysteria of Friday. Broader trend for US - and most world markets, remains bullish into May. Price structure on the hourly cycle is a baby bull flag.. and bodes for a break over the gap zone of 2102/04... at the Tuesday open.


sp'60min

Summary

Little to add.

Bulls look set to claw higher across this week, and new historic highs remain well within range, not least on the R2K and NYSE comp' - which both broke new highs last week.

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*awaiting IBM earnings at the close.

Price structure is offering a break to around $175 tomorrow. That would certainly help give the Dow another kick higher tomorrow.