Fear perfectly ripe to take a deep dive
NYSI dynamics finally reached it’s heights to start the reversal
If I took this one into account earlier, I’d be able to gain some extra with better timing
Russel screams for correction on all charts beyond any reasonable sense for the same growth pace
Though if its real trend reversal it will take months to play out through intense congestion
ASX S&P200 made a rising wedge break
In days the diamond resolves as it should so far. I noticed a very similar formation on XJO back in June-Aug 2013 but those times the trend continued.
This time the aggressive sell channel did not sustain but the moderate one is well confirmed
MA9 MA13 crosses MA20 and indicates the uptrend reversal with the lower bollinger band swaying away, ready to accommodate the emerging down trend.
I reckon we should see MA200 retest very soon.
In the weeks view the up trend is not changed yet
Keeping close eye on banks ready to buy shorts but its is not confirmed yet where HS support still not broken
RIO is nearly resumed the downtrend but the hours triangle is not broken yet.