I've been a little concerned of late by technicals, what with 20...

I've been a little concerned of late by technicals, what with 20 day MA dipping under 50 day MA, but now looks to me like a temporary issue, it wants to uncross itself shortly. The number of times SP has bounced off it's daily low is becoming more obvious and appears to pre-empt a new bullish move IMO. General markets are stabilising as they put China data behind them and focus on US company reporting season, which may surprise to upside. Two potential catalysts await LYC, namely the QR, which we all are aware of... and a new positive move in RE prices, which we cannot foresee a date for, as they have been flat since the initial move from Sep/Oct (this is to me the key to much higher SP out of teens). I think we can have a stab at double digits again and you never know, 13c resistance could still break before the QR comes out, I've believed that will happen for a while now, despite the trouble it's had getting past 10 again. Close up 2 month chart, I haven't had time to draw it, but you can see we are currently at the pointy end of a bit of a triangle which we may break out of one way or tother: