Thursday, 17 March 2016

ASX 200 showing bearish false upside break at trend line drawn from 2015 peak

Chart includes all sessions trade.

USD/JPY testing trend line support, fresh lows for 2016 likely on break

EURO STOXX 50 breaking lower through trend channel support

S&P 500 testing trend line parallel to line from 2007 & 2008 peaks

Weekly chart from mid 2007. S&P 500 is testing trend line resistance.

Weekly chart zoomed in to better show test. As previously shown there's a cash market gap in the 2040s. I'm looking to sell weakness ahead of a big leg lower unless this market can beat 2050.