Sunday, 9 August 2015

ASX 200 testing key support at trend line drawn from 2012 low

Daily chart first, all charts include after hours trade. 



Weekly



Monthly



S&P 500 daily chart choppy, weekly shows break of big trend line support, monthly topping

Daily



Weekly, log scale. The other charts in this post are arithmetic scale.



Monthly


Dow trending lower, testing daily chart trend channel support

Daily chart. We could see a rally or the market treading water for a period, though don't rule out a break lower through support.


EURO STOXX 50 retesting Head and Shoulders top neckline

Daily



Monthly. I'm looking for this market to turn lower from current levels and then decline to complete a very bearish false upside break from the illustrated trend channel. If it doesn't follow my script, I'll simply trade other markets which I've got a better handle on. Let's see.





Hang Seng trending lower, likely at forefront of 60% decline from current levels

I haven't posted on the Hang Seng for a few weeks. It has chopped around and there's been nothing new to add to my previously stated position. This market is at the forefront of a large decline.

Daily



Weekly



Gold testing daily chart trend line resistance, at trend channel support on weekly

Daily



Weekly


Silver testing daily chart trend line resistance, at support on weekly

Daily



Weekly


AUD/USD closes week above down trend line that had capped price sinceearly May


EUR/USD price action squeezed by converging trend lines