Trade Alert
The RTSI is also among those, which got hit by the global equity slide. Now, it seems that the index had found its floor. Or is it just a temporary pit stop before it continues its traveling to the downside?
Certainly, for now, continue observing the key level of support at around 1082, where the rate is right now.
A break below that level could...
Trade Alert.
This could be an interesting trade. Either a break or bounce.
If the support line will start to break, then there is a chance to see this index moving a bit lower, towards the test of the downwards moving trendline from above.
Alternatively, a strong bounce could mean that we could wipe out the recent highs at around 1205 and move higher.
Don't...
Form a triangle dictates the price to go down - to finish wave (e), followed by a rise.
However, it can turn out that the wave (c) of ((d)) will stretch and leave the upper edge of the triangle. Also, under certain circumstances, it may be impulse wave. But I consider this option as an alternative.
Trade Alert!
Jump on the bandwagon or be a contrarian and hope for a bit of retracement?
The index is not looking good at the moment. We could potentially see a bit of recovery by the end of the week, but for now, it looks like it is aiming to touch the 200 EMA on the Weekly chart.
Let's see what happens.
Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
58 SHARE INDICES worldwide (2016 Yearly Performance) @ drive.google.com
Best regards
Aaron
MICEX (ruble denominated index of TOP 50 Russian shares) and RTS (US Dollar denominated) stock indices demonstrate a clear bullish rally since the US President Election Day, marked as vertical line on the charts.
The MICEX index has gained 14,2% since the election to date and 26,7% YTD; RTS performance is even more impressive with 17,7% and 50,9% rise,...
