Despite the severe bearish action around the globe yesterday following Kim’s missile flying over Japan and a sharp, not-unexpected u-turn during US trading hours, stock indices really did not make any significant move. Major indices are still trapped between last week’s (Jackson Hole) range except for DAX. It is a loss leader…
Stock indices continue to be bullish. DAX 30 is correcting, Nikkei 225 could be correcting soon. Until 13-week ema is broken, no reason for alarm.
3 charts DJ30, China A50 and USDCNH. Price action does not seem like business as usual for me. Let’s hope they don’t set off some chain reaction that will come back to bite.
4 charts of USDMXN, DJ30, AUDJPY and XAUUSD that defines the US Presidential Election 2016. It’s a total fiasco Brexit 2.0.
Your mission is to determine whether they are going to follow-through with a breakout or staging for the mother of all corrections. For your entertainment. (Also bonus stock chart) Log-in required.
Everything is highly correlated these days so when 4 major stock market indices are hinting at the same kind of outcome you have to pay attention. I read that as confluence not coincidence.
We spot some familiar patterns on DJ30 and wonder at their implications. Log-in required.