Friday, 18 November 2011

S&P 500 rolls over lower from trend line

Is it 2008 all over again for the S&P 500?

AUD/USD tests trend line

For the first time in a long time I am able to make some sense out of the daily chart.

ASX 200 set to open lower

After hours trading is currently at 4193, down from Thursday's ASX close of 4258. The larger degree trend on the weekly and monthly charts is down, and looks to be reasserting itself. A move below the early November low would confirm that view.