Oct 25

Weekend Outlook for 26th October 2015

Here is a short update with charts where I think mkts is going – the level I’m a bit unsure is if DAX is making new all time highs , BUT – if we look at SPX and NDX it looks like for sure new all time highs coming , so I favour DAX also seeing new all time highs before the next top, but I dont like the possible large top hs pattern on DAX which targets 6000-7000 – so watch it closely.

I’ve been bearish mkts most of this year 2015 as I saw this large move down coming (-20 to -30%) on DAX but I had expected the same on SPX , but it failed with only -10 to -20%.

So here is my view near term.

 

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