The Technical View – “Short Squeeze”: How to Know When It’s A New Bull Move
This week world markets moved up from their lows in a nice “Short Squeeze” – the exact same thing that happened in 2008, as we were looking at last week. Â When markets move up, people start to talk about the next Bull Market. Â But how do you really know when it’s a new Bull move?
We look at the signs to watch out for:
- Â Lowered volatility (not yet),
- breakout above resistance (not yet), and;
- a zig zag up (not yet).
We also look at the current and future support and resistance in world markets from Shanghai, India, Europe, US and of course Australia.
Check it out!
I hope you have enjoyed this post. Â Please leave a comment below!
– Dave McLachlan
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February 21, 2016 Tags: All Ordinaries, chart pattern, FTSE 100, Nifty 50, NSEI, s&p 500, shanghai composite, technical analysis, technical view, where the market is heading Posted in: The Technical View