SSE Composite index (China monthly chart). Price will rise.
GOLD/SILVER Ratio at extreme levels. Silver more bullish than Gold going forward.
Gold- Cup and Handle Reversal forming.
Silver- Double Bottom formation (Downtrend over). Confirmation- Red neckline must be broken.
Bitcoin -Weekly log chart- toucing long term UpTrend support line.
Apple (Weekly log chart) testing long term UpTrend support.
Nasdaq (weekly log chart) testing long term UpTrend support line
S&P500 (Weekly log chart) testing long term UpTrend suport line.
SP500 index- Secular bullrun since 2008. Marked mostly by periods of green UpTrend lines. Punctated by short periods of consolidation in purple rectangles.
NB. Long term upterm on daily log chart, and bullish RSI divergence marked by red and green lines.
Last green candle from Oct 16th, moved the SP500 above it's 200-day MA and its uptrend line (started in Jan 2016).
DOW JONES 30- Long term support around 22,000 points (about 10% lower than recent close), if green TL is breached and Double top formation takes us back to longer term Uptrend line in Red, to target in red arrow.
Long term log chart Nasdaq 100 index support around 6500 points, as arrowed.
Long term S&P500 log chart. Support as arrowed.
SP500 index- major Uptrend line breach at red arrow . Uptrend commenced early 2016. Either sideways consolidation next, followed by UpTrend continuation OR formation into a trend reversal to a new down trend. More candles required for either to be confirmed.
Headed towards Uptrend line (pink) arrow.