Wednesday 25 March 2015

.. and another bearish cross

With the failure to hold the retrace low of sp'2085... the monthly cycles have yet again seen a bearish MACD cross. Broader price action still doesn't particularly support the equity bears.. unless sustained trading under the giant sp'2k threshold.



Little to add.

Yet again.. another little down wave.. from sp'2114 to 2061.. and the monthly cycle has turned moderately bearish.

As ever.. how we close the month is far more important.