Major epidemics show a remarkably similar relationship to stock markets—they erupted after large, extended declines.
This is a kind of trading encounter one doesn’t get from a book/classroom – knowledge you gain goes to your experience bank which you can call on in future.
An overlay of FTSE, DAX and CAC shows that FTSE has recovered losses associated with Brexit while DAX and CAC languish. This may not be indicative of future trend but stock market sees DAX and CAC more pessimistically at moment.
These levels apply to long side setup based on that decisive new 52-high post-Brexit that terminates previous trend. Fib-R 23.6% and 38.2% offers 2 levels to look at, 52-week high the 3rd one.
Follow-up on 2 SGX-listed property stocks that were discussed late April. Over 2 months, their technical picture did not improve. In fact bearish aspects of their setups were reinforced.