Sunday, 17 April 2016

S&P 500 weekly, daily & 4 hour trend lines, at resistance, recent choppy rally slowing

Weekly



Daily



4 hour. Recent choppy rally is slowing. For choppy read "likely corrective", with a decline to below the Feb low pending.


ASX 200 weekly & daily trend lines, choppily grinding lower

Yawn. Better opportunities elsewhere.

Weekly



Daily



Hang Seng weekly & daily trend lines, at resistance, stair-stepping lower

Hang Seng is my proxy for China. Do you trust any number that comes out of the mainland?

Weekly. Stair-stepping lower, now at resistance.



Daily



EURO STOXX 50 weekly & daily trend lines, down trend, at resistance

Weekly.



Daily