themarketzone

India heading towards 2015 with a bearish weekly setup

NASDAQ:INDY   ISHARES S&P INDIA NIFTY 50 INDEX FUND
During our "World Markets Review", a closed webinar held for the Elite Zone members only, we have discussed about several world indexes and the way that they are approaching the new trading year.
India enters 2015 with a weekly bearish setup - A trading channel breakdown and a close below the 200 SMA line (weekly).
What does it mean about the other relative markets? what does it mean about the economy during 2015?
All we know right now is that India is definitely not a buying opportunity in 2015 (at least for now).

Like this setup? Want to see the rest of the presentation? Join now to the Elite Zone on WWW.THEMARKETZONE.NET and you'll get a copy of the "World Markets Review - A peep into 2015" presentation

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