All major markets are signalling a Bear market with another 10% drop between now and late November.
SP500 needs to close above 1900 and FTSE 6400 before re-entering long trades this week. Target lows in the next 3-6 weeks are.......
DAX 8800 Target 7700 down 12%
FTSE 6340 Target 5750 down 9%
HSI 23088 Target 2100 down 9%
SP500 1906 Target 1725 down 9%
Watching commodities as well.....as I am looking for Oil to hit a low this week around $78 as commented in August.
Other commentators are looking for a bounce to 1980 by 2nd week of November followed by a low in Jan 2015.
SP500 needs to close above 1900 and FTSE 6400 before re-entering long trades this week. Target lows in the next 3-6 weeks are.......
DAX 8800 Target 7700 down 12%
FTSE 6340 Target 5750 down 9%
HSI 23088 Target 2100 down 9%
SP500 1906 Target 1725 down 9%
Watching commodities as well.....as I am looking for Oil to hit a low this week around $78 as commented in August.
Other commentators are looking for a bounce to 1980 by 2nd week of November followed by a low in Jan 2015.
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