Monday, 19 December 2011

Hourly charts show bullish edges for ASX 200 and S&P 500

Hourly charts, so take these signals with as many grains of salt as your plan suggests, but keep your eyes open... they could be a small building block in the construction of a Santa rally.

ASX 200 including after hours trade shows a false break lower.

S&P 500 is testing for an up side trend line break.... a break over Friday's high would confirm.

NZD/USD weekly chart shows bullish MACDH divergence

If the Kiwi turns up, it'd be surprising if the Aussie didn't also. Another thing to look for is divergences between the Kiwi and Aussie - they often happen at market turns. Also divergences between the Kiwi and Aussie stock market indexes.