Yesterday’s session for the US markets was an important one. If the fall from the May highs was corrective yesterday’s low on the S&P 500 should have stayed above 1298. The fact that it did drop to 1296 is an indication the rally from the June lows was possibly an artificial rally manufactured by the […]
httpv://www.youtube.com/watch?v=2Dj9v9s9buk&feature Gold is not money!! And central banks hold gold because of tradition!! T R A D I T I O N!! 😀
On Friday, India’s benchmark Nifty saw some brisk selling and markets finished near the lows of the day. The selling pressure reversed 75% of the previous session’s gain and thereby producing the technical pattern known as “Dark Cloud Cover” (DCC) on the daily charts. Questions that come up: (1) was Thursday’s thrust above the medium trendline […]
The chart below is the Elliot Wave structure of the BSE Capital goods sector: The capital goods sector looks set for a sharp decline – potentially embarking on its 3rd sub-division of its 5th wave, which usually tends to be a powerful leg. The sector is also reacting from its 38.2% fibonacci retracement level of […]