Tuesday, 28 April 2015

ASX 200 sharply lower following after hours false break above 6000

Daily chart shows the ASX 200 all sessions sharply lower after a false break above 6000 which occurred last night Oz time.



Weekly chart shows the market has been testing long term resistance.


S&P 500 shows dual bearish false breaks, from triangle and at February peak

Daily chart shows the S&P 500 making dual bearish false breaks, from the triangle and at the level of the February peak. It is lower in Asian and Euro trade.


NASDAQ 100 turns lower at trend line resistance, lower in Asian and Euro trade

The NASDAQ 100 has turned lower at trend line resistance, shown first on the daily chart.



Same line on the weekly.  


Gold rallies upwards from short term down trend channel

Daily chart shows Gold rallying upwards from short term trend channel. I expect a test of resistance in the mid 1220s followed by a move closer to 1300. But I am wrong a lot! We'll see.



Weekly chart trend is still down, of course.


Silver rallies from trend line support through trend line resistance

Daily chart shows Silver rallying from trend line support through trend line resistance.



Weekly chart trend remains down, of course.