Monday, 15 February 2016

ASX 200, S&P 500, Nikkei, Hang Seng, EURO STOXX, Nifty rallying from trend line supports at last week's lows

Stock indexes around the world are rallying from trend line supports tested at last week's lows. In this post I've charted the ASX 200, S&P 500, Nikkei, Hang Seng, EURO STOXX 50, and Nifty... daily charts for each showing that the declines to last week's lows count as completed corrections, implying that rallies to above the 2015 highs could be commencing.... plus long term charts for some. All rallies are in their infancy, so I will be keeping a very open mind about whether they can continue.... so far, I see no reason to doubt it. All charts include all sessions trade.

ASX 200 daily chart



S&P 500 daily chart



S&P 500 weekly chart



S&P 500 monthly chart



Nikkei daily chart



Nikkei monthly chart



Hang Seng daily chart



Hang Seng weekly chart



EURO STOXX 50



Nifty daily chart





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