SPX (S&P 500) crossed down MA200 and MA50 this week. Likely gap down on Friday close 1065 to 1070 and close the gap around 1055 to 1057 next week before rebound. We may expect the unexpected on the 2nd half of the day. Bull vs Bear tussle has dragged a bit too long to give clear market direction! Perhaps, negative market headlines were affecting the investor's thinking and instilling unnecessary "FEAR".
Daily RSI on Thursday closed 22.82 and SSTO near bottom. Friday morning down may near to bottom. Watch chart daily signals early next week on market trend.
SSE (RSI peak at 61.32 and has cross down 50 (above bullish) to 47.36. Asia down led by SSE/HSI/Nikkei and the rest of the Asia market. SSTO also cross down - likely weaken next week starting from today and consolidate for rebound to 2700 to 2800 range (may consolidate here) before trending up above 3000. STI and HSI lead by SSE and S&P 500/Dow Jones
Gold seems to be near top and will trend down next week. Today showing sign of weakness or consolidating.. Signal from the chart.
Copper consolidating as observed from chart. If up next week onward, good sign for stock.
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