All indexes are close to fall during October. As an example look at SWED month below. The monthly 8 MA is moving very slightly on upside. Now trading 1.398. A price below 1368.7 will turn this MA down. Only 30 points below current level. The daily trend will most likely get a cross on downside Thursday, Friday or Monday. If holding below 368 a sudden big drop can occur with first target the rising 21 MA.
SWED month
My view is that all indexes will move together on up or downside from now. Since the US indexes have clear difficulties to hold up - SP500 will not take back 989 so far - this month could be like October 1987, the worst case scenario. This will be the most interesting month of 2014 so far
My view is that all indexes will move together on up or downside from now. Since the US indexes have clear difficulties to hold up - SP500 will not take back 989 so far - this month could be like October 1987, the worst case scenario. This will be the most interesting month of 2014 so far
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