Thursday, 29 January 2015

ASX 200 reaching out for dual trend line resistance as S&P 500, EURO STOXX, Hang Seng weaken

Quick daily chart update tonight, just for the stock indexes. I reviewed longer term charts and other markets on the weekend. All charts, as always, include after hours trade.

The ASX 200 is reaching out toward a test of dual trend line resistance. It is pretty much Robinson Crusoe in rallying this week.... alone.

The S&P 500 is down this week.

The Dow shows a neater down trend.

The EURO STOXX 50 index is turning down at dual trend channel resistance. One of those channels began at the low in early 2009, so you can't see much of it on this daily chart.

Hang Seng is also turning lower at dual trend channel resistance.