Bulls on the run

Previous post disappeared, but I mentioned key support levels for Euro Stoxx 50 (2 100) and S&P 500 (1 300). These levels were tested yesterday and they hold. Today bulls took over, illustrated below by the clear break of resistance (2 200) for Euro Stoxx 50. This is strong price action from an obvious bottom formation, with positive momentum divergence etc.

Today's action indicates that prices will move higher in the short term.