Sunday, January 24, 2016

Is the down trend over?

The market has declined considerably $15 trillion globally by some accounts but looking at the chart below there is something different. As we saw a steady decline inside a channel, that channel seems to be broken during the market session last week. We have to see if this move is long lasting and we see the market moving up to the 204-205 area or we see another big selloff form here?

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