The analogy follows the 11/2010 - 8/2011 movement. From a technical standpoint both MACD and RSI are tracking quite nicely the fractal, enough to consider:
1-potential weakness into the coming week
2-a final rally at the end of January
3-lower lows till May
Potential catalysts:
- turmoil post-tapering in US equity mkts showing worrisome analogies
- local political impasse
- worsening macro deflationary scenario
-worsened credit rating
-"Grexit" as similarly to what happened in Venezuela the year before of its default in 1998, Greece has just posted
a primary budget surplus in Q4 2013
1-potential weakness into the coming week
2-a final rally at the end of January
3-lower lows till May
Potential catalysts:
- turmoil post-tapering in US equity mkts showing worrisome analogies
- local political impasse
- worsening macro deflationary scenario
-worsened credit rating
-"Grexit" as similarly to what happened in Venezuela the year before of its default in 1998, Greece has just posted
a primary budget surplus in Q4 2013