The Technical View – Short Term Up Trends Confirmed, Where is Future Resistance?
This week we look at the world Indices, like the All Ordinaries, Shanghai Composite, S&P 500, FTSE 100 and the Nifty 50.
Almost in unison, world markets have confirmed their short term up-trends, with the pattern we described in the last few videos. Â They are all also heading into their overhead resistance, projected from Trend Lines that have lasted over a year.
We look at where markets might consolidate, where the resistance is, and what it would take for a larger move.
Just secretly, I have a feeling this move will turn into an up move that could last the year.
Check it out!
I hope you have enjoyed this post. Â Please leave a comment below!
– Dave McLachlan
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