It's below the bull/bear trend line though. That's not a good sign eh?
Oh well, 1900 will hold us for today anyway. I reckon it'll close on it. 1875 will hold us tomorrow, so all good aye winner.
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Looks like today another up day
That's 2 in a row
That's a good sign
Timmmmmmmmber 1,900 gone
The bull/bear trendline has been convincingly broken. I am waiting for the key 1875 support zone before calling a confirmed bear market though, as its still possible to recover from here. I do expect 1875 to put up a strong fight.
Short agressively if broken.
We can expect at least 10% upside potential in S & P 500.
On the linear regression (mth), US and Europe markets have not even made it to their respective median price. Below, spells 'bear'.
Only the AUS ASX 200 has fit the criteria since August 2015 (short)
Also Oil at 25 and possibly no more FED rate hikes in 2016, pressureing the extended US$, still favor 'net long'
Kind Regards
Be back to 2134 in a week or two?
Chartists might find this analysis interesting http://www.zerohedge.com/news/2016-0...now-time-worry