Fed cuts rates and US markets breakout of their 5-day highs. This is the first time that price has broken above the 5-day high in nearly two months (6th December 2007)Expectation price is heading upwards into higher levels 12700 and 1390 (S&P)
There is still 1 day to go before January ends and we get a better idea on the strength of the markets., as price is still trading under the Monthly 50% level......
Full report later...
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