coming soon!
Trend Carefully - Global Financial Markets At Critical Point
The numerous important trendline tests currently underway across the financial markets suggest this is a key juncture.
Volatility in global equity markets has kicked back into hyper-drive this week with an average daily true range in the S&P 500 approaching a staggering 3% for the week. The volatility (at least the downside part of it) has resulted in “tests” of a number of important trendlines throughout the financial markets — both in the U.S. and abroad. This proliferation of important tests suggests that we are near an important juncture in the markets. Specifically, as the tests pertain to stocks, it’ll be critical for the various markets to hold their respective uptrend lines. Should they fail here, it could be a long way down to the next significant support levels.
We could have spent all day posting about key trendline tests presently in play. However, as highlighted in our #TrendlineWednesday feature on StockTwits and Twitter, here are some of the most important ones across the financial markets, in the U.S. and abroad.
First off, we have the Russell 2000 testing its post-2009 Up trendline.
cross the pond, we see perhaps the most prolific trendline in the global stock market universe — the broken post-2000 Down trendline in France’s CAC-40 Index — getting tested at the moment.
https://www.zerohedge.com/news/2018-12-08/trend-carefully-global-financial-markets-critical-point
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the rest is at link and full of charts
It's not wrong and you would be wise to listen to this.
After "trading" this the last week, and very well-if you were present during the day- all the signs are there for a repeat of 2008. We are in the bottom of the 8th inning IMO. Extra innings certainly possible.
good luck with that.