Sunday, 4 October 2015

S&P 500, ASX 200, Hang Seng, EURO STOXX weekly charts, more weakness ahead is likely

More downside to come, in my opinion. Though I don't trade my opinion, just the trend, which being down, happily agrees with my opinion, for now. Charts of all sessions trade.

S&P 500



ASX 200



Hang Seng



EURO STOXX 50



Gold rallies strongly from trend line support, bull flag from 2011 high bottoming?

Weekly chart shows that in late July Gold began a rally from trend channel support. Previous rallies from the nearby trend line have been good for 200, give or take. Why expect anything different this time?



Daily chart shows Gold on Friday rallied strongly from trend line support.



Monthly chart presents the proposition (for now highly speculative) that a bullish flag could have bottomed, ahead of a run to record highs.




Silver forming inverse Head & Shoulders bottom at weekly chart support

Weekly chart. The current consolidation from the late 2014 low is brief compared to the periods of consolidation from lows in 2011 and 2013, a hint that Silver may not yet break down? Indeed it seems a rally is beginning.



Daily chart shows inverse Head and Shoulders bottom.