The global equity markets found support off their 200 dma’s last week following a strong sell-off. Despite this sell-off, positive divergence at the lows suggested that the sell-off was likely to be reversed and resume to the upside. After reviewing dozens of weekly (long-term) charts, it’s becoming more and more likely that the markets are setting up for an upside breakout lead by industrial commodities, energy, and emerging markets.
$TNX $SPY $SPX $QQQ $COMPQ $RUT $IWM $JNK $TIP $TLT $USD $GOLD $GLD $WTIC $EEM $OIL $VIX $JJC $XLY $XLP
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This video was published on 2019-10-13 21:41:02 GMT by @Moniology on Youtube.
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