It seems MICEX has reached its maximum and is going to fall
Rusian MICEX index, measured in US dollars is on risk of another severe breakdown. Price is now currently trading at a key level - converged lower 1st standard deviations from 1-year and quarterly means (@ 24.75) If the level is taken out, price will be open to fall to its relevant lows @ 23 and If those are broken down, next target would be 18.5 - the 2014...
MICEX measured in USD prices (MICEX index divided by USDRUB) has held its 5-year (60-month) downtrend test in May 2015 amid expanding volatility. On technical basis alone, if the price holds below the 1st standard deviation from the 5-year mean (now at 32.42), chances are it will retest 2009 lows (at 16.35) - which is a 50% fall in value. What makes this...