This week’s report from the Swiss team follows on from last week’s whereby they are shifting their medium term technical projections towards a bullish scenario. They have moved back their timeline to mid end Sept for a correction. They now expect 1422 to be broken to the upside in the near term. They state an important top is in place on the fixed income treasuries which has important fund flow implications. They have become bullish material stocks and precious metals restating the recent breakouts and out performance within these sectors. I’ll leave all the inter-market analysis to the document below.The markets are starting to discount further central bank monetizations. If they disappoint this bullish technical picture could easily still reverse although the multi asset, cross boarder asset charts are all pointing to front running by insiders rather than a fake move. Things have moved on technically in the last 2 weeks. If the moves are real and supported soon by forthcoming monetary actions asset prices have a long way to run from this point minor set backs aside.
All the best
Rich
(9 votes, average: 5.00 out of 5)
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