Friday, 9 September 2016

Moody market

With the market finally breaking significantly lower after two months of micro chop, the monthly price momentum has ticked back to negative.



Suffice to add.... with a series of breaks of multiple support, the monthly cycles have ticked back to negative.

As ever, the monthly close will be important, and that will unquestionably be highly dependent on whether the Fed hike rates.. and how the market will react to whatever decision they make.

For the moment though... the US, and almost all other world markets are still leaning to the upside.