In a note to clients today, CitiFX Technicals weighted on the performance of the US Equity markets (S&P, DJIA and NDX) projecting that they may yet post higher highs in the current bullish trend. Citi also believes that a deeper correction will likely need the catalyst of a significant internal or external “dynamic change” but at this point such a development is not Citi's near term base case scenario. Citi outlines the main big picture chart (SP500 monthly) along with other long-term charts and concludes the following points: - In the months ahead we expect equities to continue to hold up and even move to new ... (full story)