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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
please read my full Disclaimer at this link.


...If the dots don't connect, gather more dots until they do...




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Thursday, August 24, 2017

World Markets at Inflection Point

I don't have much to say about the markets (as of Wednesday's close), except to note that the World Market Index (50-day MA and 1900 near-term support level) and the SPX:VIX Ratio (200 price level) are, once again, at/near their respective inflection point.

Downtrending technical indicators are not (yet) supportive of continuing strength in these equity markets and may be signalling that longer-term weakness is ahead, as I mentioned here.

Perhaps we'll get a clearer picture of direction after the conclusion of this week's Jackson Hole meeting.