This is a chart I published a month ago predicting a significant correction in global markets. The next two weeks are critical in determining in which type of market we will be in for the rest of the year. A significant decline in emerging markets is already happening. Social unrest is rearing its head in many countries. These are not the signs of a bullish market. Do your own research and trade wisely.
-NASX is currently trading at the top of the short, medium, and long range channels.
-Stock RSI indicates that we are currently VERY OVERBOUGHT.
-Movement in MACD suggests a crossover in the near future, which indicates a SELL signal.
-Gold is currently being traded at a price of $1269/oz, which is at a 41% discount if you continue the gold price trend from 2002-2012.
-NASX is currently trading at the top of the short, medium, and long range channels.
-Stock RSI indicates that we are currently VERY OVERBOUGHT.
-Movement in MACD suggests a crossover in the near future, which indicates a SELL signal.
-Gold is currently being traded at a price of $1269/oz, which is at a 41% discount if you continue the gold price trend from 2002-2012.