Monday, 15 September 2014

ASX 200 breaks lower in unison with weakness in stock indexes around the world

Daily chart shows the ASX 200 breaking lower following the bearish wedge pattern that had formed in recent months. Other key stock indexes around the world are also showing weakness eg. the US, Germany, China and Japan.


S&P 500 daily chart trend turning lower? Hourly chart shows down trend channel

Daily chart shows that the S&P 500 may be turning lower from dual trend line resistance, as well as round number resistance around 2000.


Hourly chart shows a clear down trend channel. So long as the upper trend line holds, I will give the infant down trend the benefit of the doubt. Charts both include this week's trade ie. Monday's Asian and European action.


German DAX breaking lower? Friday's high key.

Daily chart of German DAX index breaking lower? Yes, so long as Friday's high holds.


Three Chinese stock indexes either breaking lower or turning lower

Daily charts follow for the Hang Seng, H-Shares index, and China A 50 index.

Hang Seng breaking down


H-Shares breaking down


China A 50 turned lower at trend channel resistance


Japanese Nikkei turning lower from false break above trend channel resistance

Daily chart shows Japanese Nikkei turning lower from false break above trend channel resistance