Monday, 26 September 2016

A little cooling

With equities starting the week with broad declines... price momentum on the giant monthly cycle has turned back to fractionally negative.



Little to add.

As ever, the monthly close will be important. It would be useful to the equity bulls to see the month settle at least above sp'2170, which would likely achieve a status of MARCON 7. Indeed, its notable that the market hasn't achieved an outright bullish close since Feb' 2015.