A look at the major non-U.S global stock indices in the following order: $AORD (Australia), $TSX (Canada), $BSENX (India), $NIKI (Japan), $SSEC (China), $FTSE (England), $HKHS (Hong Kong), $DAX (Germany), & $CAC (France). A separate video covering the outlook for the US equity markets is uploading to YouTube now & will be posted later today (or you can visit the RSOTC YouTube channel to view it shortly).
Global Equity Markets Analysis (video)
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@rsotc Randy, great video as usual. You didn’t comment on whether any of these looked like good short setups. A number of them seemed to be at the tops of clear resistance. Also, would you mind taking another quick look at RSX?
Many thanks!
Eric
Eric- Absolutely. I forgot to include RSX in this video as I had recently made the bullish case for Russian equities. I’ll publish an updated chart in a new post for all to see but in nutshell, RSX went on to break above the minor channel & just recent hit that first price target at the 17.90 area. It would appear to me that RSX is likely to pullback from that target/resistance area, at least in the near-term, along with the US & most other global equity markets. I’ll post an update soon.