Tuesday, 25 October 2016

Renewed weakness

With moderate weakness to sp'2143, price momentum on the giant monthly cycle is back to fractionally negative. Outlook remains bearish into early November.



Little to add.

Equity bears should be battling for an October close under the 10MA (currently 2084)... but that looks out of range, considering there are just 4 trading days left.

Lets just see how we close the month.