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Tuesday 9th April - Daily Equity Update

I had an amazing sleep last night! I woke up early, had breakfast, and walked the dog before anyone in the house had stirred. I woke the kids made my wife coffee and put some clothes into the wash. Twenty minutes later my amazing day is completely arse over tit as the washing machine has flooded the utility room and kitchen! FML!

I am going to sleep in tomorrow to show karma who‘s boss!

What we have right now is a sideways market being impacted by its lookback window. As the price moves one way the old prices disappear. This is visible here in the momentum line rising. Those who have followed along or heard me speak in other arenas have talked about old prices being almost as important as new prices.

This puts us in a position not to panic. Never panic! Be aware that we are in a position where things could change. Pay attention.

We know the levels that we need to react to at the index level and for our individual positions.