S&P turned on resistance in pink.
PE approaching the long term mean. The
S&P500 is certainly not overvalued by this score.
Possible channel in pink with a very clear
turn on resistance. Possible support in orange at the
Support and resistance in green.
Still quite a high number of new 52 week lows,
suggesting that the market is still trending down.
Turn on channel resistance in black is
Long term is still highly bullish. But we
could see a lot of vacillation in the short term.
1.06 likely to be retested.
Otherwise, the trend is still down. Target of 91 seems
unlikely, but not inconceivable.
Good support for the Australian
dollar at the current level. But no sign of bottoming yet.
Good support at the current level would
give rise to a persuasive bottom, if we get one. Nothing yet.
The outline in pink is just a hope.
Possible resistance in black. A
fall below 21,800 will likely see a retest of the previous
Hang Seng is still cheap.
Nice little channel in black.
Turn on resistance in black is clear. Possible
wedge in pink could see a return to support at 1,320.
The SET is still expensive.
Good support in orange. Top scenario does not
Mildly bullish pattern for the Finance Sector.
But volume does not persuade.
Good support at 180. Top is menacing and can't
be ignored if the index falls below 180.
Still bullish while the orange support holds.
But pink resistance needs break at around 280.
Good support in green and pink.
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