With Crude Oil prices having bounced sharply from our support targets, there’s strong evidence that the large downward move in oil prices may be complete.
One of the important tools in the technical analyst’s kit consists of a simple question: “How can the market get the greatest number of traders pointed in the wrong direction?” In the gold market, we believe the recent decline to new lows has led many traders to conclude that the next big downward leg has begun. They are probably wrong.
With the Greece negotiations lurching toward a conclusion, the next few days may provide a key insight into the market’s next big move. Here we present the technical case for our main bearish scenario for the German DAX stock market as well as an alternate bullish one. If the German DAX turns downward next week, […]
Both indices appear poised for a decisive downward move at the same time suggests that the next few weeks may be especially risky for bullish equity traders more generally. Each index is presenting its own version of a reversal pattern, and the sequence in which they are doing so matches what has happened before prior corrections.