The International Stock market indices are topping out.
The bull market that started in April 2009 might have reached its peak. The side ways trend the last several months seems to break on downside. The Spanish IBEX 35 and the English FTSE 100 are very close to a long term sell signals. The Dow Jones Industrial index and Standard & Poors 500 index have got a weekly key reversal to the downside in the weekly chart pointing to the possibility of a downward trend.
What now is happening could lead to a new bear market quite fast.
This blog will follow the markets at least until we know for sure what will happen
The bull market that started in April 2009 might have reached its peak. The side ways trend the last several months seems to break on downside. The Spanish IBEX 35 and the English FTSE 100 are very close to a long term sell signals. The Dow Jones Industrial index and Standard & Poors 500 index have got a weekly key reversal to the downside in the weekly chart pointing to the possibility of a downward trend.
What now is happening could lead to a new bear market quite fast.
This blog will follow the markets at least until we know for sure what will happen
No comments:
Post a Comment