SPX bounced on the 200MA on 1 Week chart. Huge support. Should have caught this before. This looks like a good bounce, but we are no where close to going back to the bull run. We are currently on a trending resistance. I'm no genius, but going back to basics - world market is in crisis, US debt sky rocketing, we broke the parabolic rise of markets and all markets...
DJI is expected a death cross this week on a 1D chart. With the shaken world economy, this does not look good. I expect some more downtrend or may be in the bearish territory - hope i'm wrong, but always better be prepared to hedge.
Death Cross happened already and there are short signals everywhere! Random walk down with dead cats all along the way!
Hey tradomanaics, quick a nice overview if the current situation of S&P500! Bulls feel the pain? Yep.. it was painfull for those who are long. BUT - That was nothing! :-O Check this chart and see where the real PAIN is waiting for us.. or the PROFIT? AS we can see - there is still a lot of space downwards before we reach the real paniczone! ;-) So calm down...
MSCI World may rebound at ~83.5$ / ~82$ New lows with good divergence, always good when looking for reverse action.
Analysis of % market cap of europe and america vs the world ... money.visualcapitalist.com
We ve seen an unstopable bullish market sice trump election. 15 ATH straight ahead without any healty correction. We can see some moves in bond an housing markets. It is possible that we see a new crash like 2008 in worls stock markets. Last week first short test caused by Hang Seng index drop over 600 points, also ther a possile doubel top formation. RSI D1...
This trend is going very bearish and gaining momentum.
We got ECB set, and USD moving steady as planned. Oil is setteling as well. All this gives gold price a reason do decline. Daily chart shows a big Engulfing candlestick, which is a quite negative sign, -with shadow outside the upper Bollinger band as well. I would wait to see how the price behaves closer to the middle band, before going long which is the main...