Market Signals For The US Stock Market And Indian Stock Market - Monday, Mar. 29

We are entering a multi-year great depression. The markets are still trading well over 3 standard deviations above their long-term averages from which corrections usually result. Tail risk has been very high of late as interest rates are about to plunge yet again reflecting a major recession. The critical levels to watch for the week are 3990 (up) and 3960 (down) on the S & P 500 and 14600 (up) and 14450 (down) on the Nifty. A significant breach of the above levels could trigger the next big move in the above markets. China, Gold, Bonds, and the Nasdaq are on Ichimoku sell signals while the S & P 500 and Nifty are on Ichimoku buy signals so some eventual catch-up to the downside may be left in these indices. Looking for weakness into April

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Disclaimer: The views expressed here are my own and must not be taken as advice to buy or sell securities.

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