Mixed markets around the World as we head into the two day fed meeting. Europe is getting an oversold bounce but most regions are broken and lost upper trend areas. The DAX lost 9800ish showing commitment left and hit the next level closer to 9300. Russia which has been crushed in the past 6 months raised their interest rate to 17%. The RSX fell another 11% yesterday- thank goodness we dont look to catch falling knives as this one has sliced many. Intraday u might get an oversold trade, but make sure to use stops. The Nikkei also broke its momentum level last week and is down another 2% making it 6% off highs. The Shanghai has bucked the trend up 2.3% even with a PMI print below 50. Become a better trader with our trading resources: educational courses, daily videos, articles and more! t3live/otc/
Posted on: Tue, 16 Dec 2014 13:11:13 +0000
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