Hey..
The markets as a whole are at significant levels (key levels).. ie at the brink of a crash.. Technically speaking ..
it will be important for the future how the markets responds at those significant levels..
the 50% levels usually represent a level of either strenght or weakness ie. the capitulation point of either bears or bulls...
further note .. anything can happen..
Weekly charts
OIL
sits at an 50% level.. if the bulls dont step up and this level break ie. capitulation.. we will decline even further
weakening of oil price is usually accompanied by markets crashing as a whole.. just like in 2008
GOLD
gold OTOH is nearing ist 50% level aswell again if bulls step up we will see a rallie and thus strenght returning to the markets.. like bulls are saying .. nono only this far and not further.. also note the indecison which played out to the downside.. looks like someone bought into this weakness.. similar actions happend when gold topped but vice versa ie to the upside . ie. selling into strenght..
DAX
the dax sits at a former value area .. if that level gets rejected as now "unfair" then this is a sign of weakness
FTSE
similar as with the dax , if that fomer fair price now gets rejected as unfair high.. would be a sign of weakness
NIKKEI
approaching a key level aswell .. which got rejected allready once.. guess when?? yes .. 07/08 .. will it get rejected again ?
SP500
Looks healthy doesnt it ? .. yea nice uptrend almost no pullbacks or corrections.. hmm**... nevertheless we are sitting at an overbought area
a rejection will result in a decline towards the mean and maybe further ?? if price breaks the lower line for good there sure will be enough space
for a free fall .. with almost no support insight ...
**well as most probably know that steady rise in the US markets is just because the FED pumping money into it..and not because of the healthy economy..
here is chart to proof it..
Finally Eur/Usd
allready in a decline ie.. the dollar is strenghtening .. like in 2008 .. if the 50% level aswell as support level breaks.. well again nice space for a free fall.. for good ..
You be the judge
The markets as a whole are at significant levels (key levels).. ie at the brink of a crash.. Technically speaking ..
it will be important for the future how the markets responds at those significant levels..
the 50% levels usually represent a level of either strenght or weakness ie. the capitulation point of either bears or bulls...
further note .. anything can happen..
Weekly charts
OIL
sits at an 50% level.. if the bulls dont step up and this level break ie. capitulation.. we will decline even further
weakening of oil price is usually accompanied by markets crashing as a whole.. just like in 2008
GOLD
gold OTOH is nearing ist 50% level aswell again if bulls step up we will see a rallie and thus strenght returning to the markets.. like bulls are saying .. nono only this far and not further.. also note the indecison which played out to the downside.. looks like someone bought into this weakness.. similar actions happend when gold topped but vice versa ie to the upside . ie. selling into strenght..
DAX
the dax sits at a former value area .. if that level gets rejected as now "unfair" then this is a sign of weakness
FTSE
similar as with the dax , if that fomer fair price now gets rejected as unfair high.. would be a sign of weakness
NIKKEI
approaching a key level aswell .. which got rejected allready once.. guess when?? yes .. 07/08 .. will it get rejected again ?
SP500
Looks healthy doesnt it ? .. yea nice uptrend almost no pullbacks or corrections.. hmm**... nevertheless we are sitting at an overbought area
a rejection will result in a decline towards the mean and maybe further ?? if price breaks the lower line for good there sure will be enough space
for a free fall .. with almost no support insight ...
**well as most probably know that steady rise in the US markets is just because the FED pumping money into it..and not because of the healthy economy..
here is chart to proof it..
Attached Image
Finally Eur/Usd
allready in a decline ie.. the dollar is strenghtening .. like in 2008 .. if the 50% level aswell as support level breaks.. well again nice space for a free fall.. for good ..
You be the judge