Looking at this chart, it looks like the next big move should be down in equity indices, regardless of whether one is a BULL or a BEAR.
The weekly chart shows 5 clear thrusts up, a break of the uptrend. Then 1 move down, and at the moment in a rally. If this is a correction of the March 09 rally, it seems too shallow, a 38,2 % or even a 50 % retrace would "look" better. Then if it's a bull, a rally to new highs, if it's a bear we head much lower..
Technical analysis of Major Markets, F/X, and anything that can be traded This is my diary for trading Views expressed in this are only for educational purposes. They ARE NOT recommendations to BUY or SELL anything!! ALL comments and criticisms welcome.
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