We have a high momentum daily bar here across some key sectors and indexes. In many cases the end April highs are close at hand. We need to keep a careful watch on these levels here as well as the usual breadth indicators to see which of the two scenarios above we have here.
I realize many are involved here so i wont hold up your own analysis of the Swiss team’s latest comments. My own comments thoughts tomorrow.
Its a great report in my view where they provide some clear instruments and levels to reverse their wave cyclical bear continuation call.
I have set alerts on the sectors and indexes mentioned at their key end April levels. If this is wave 5 this should be swift.
Here Ms on the FX side (ill update this with their latest in the next few days)
Here Commerz on gold:
Some key levels coming up here and some classic long momentum signals kicking off:
And here the crucial euro banks
Rich