31/08/2015
30/08/2015
Warning, Warning and Warning for a change in the long term trends to downside for FTSE, DOW especially, and SP500 and SWED. NAS and DAX does not have "death cross yet".. Since the DOW and FTSE have clear "death cross" my warnings have been done since the indexes use to follow each other.. The coming weeks will be of outmost importance..
SWED day close 28/8/2015. Will get a "death cross" on opening Monday. 50 MA will cross the 200 MA on downside
FTSE day 28/8/2015. Got a "death cross"
DOW day close 28/8/2015. Note the cross and that both MAs are down
DOW day 28/8/2015. The DOW has now a clear "death cross". See the "golden cross" 2012.
From 2012 to 2015 the red 50 MA has never crossed the 200 MA but now it has a few days ago. Moreover the 200 MA is down. So from now on this falling 50 MA will be main resistance for a while. Any rally should be stopped there. The down trend will look like the way up from 2012 regarding the waves. The only thing to watch for is the falling 200 MA. If it is down the big trend is down.
Since SP500 day now has got the 50 MA cross below the 200 MA on downside, also named "death cross" - the bullmarket is probably over and many players are waiting to sell current rally at the top for the long term. Many other indexes are in the same situation and since they use to go together I expect all indexes to get long term short positions during the coming week or weeks.
SP500 close 28/8/2015 has now got a "death cross" - 50 MA has crossed the 200 MA on downside
29/08/2015
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