Tuesday, June 18, 2013

T6 Model at Bull Cross..6.18.13

It's a late post but I wanted to see how the T6 Bull Model updated after today's action.  All of the sorts of the model 1-6 are either at the P6/RSQ intersection or fast approaching.  This cross has produced distinctly bullish results in the past and tomorrow's FED minutes report may be the catalyst to signal new vested positions.
We did see the P3 and P6 cross 2 days ago (typically bullish), but the cross of the RSQ will be a true confirmation. 
We suggested 100+ daily moves would ensue after the weekend update and Wednesday will likely be one more.