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.
This update follows our earlier posts in which we wrote that traders should expect precious metals to rally in a corrective pattern starting late last year. That forecast appears still to be on track. Here we offer some price targets to watch for gold and also for the SPDR Gold Shares ETF (symbol GLD).