trendprofiles

Nasdaq Composite The negative divergence noted in 14Week RSI has begun weighing a reversal down the bullish channel. The technical conditions have weakened since the presidential elections and can even cause a serious damage below 2500 levels, which at this juncture a signal of bear markets.

FTSE : The London index had been attempting a rise 5800 levels but has hardly been able to see proactive buying interest. Can the Long term trend line simplify the trend direction? probably yes, in this environment of lower interest rates and lower commodities, the index has stayed below 6100 since 2011. A consistent sign of caution, developing as the index rallies. Hence a weakness is in the offing.