Global Markets Teeter Precariously on the Edge

Here’s the latest from Steven Vincent of TheBullBear.com.

Source link: http://www.thebullbear.com/profiles/blogs/global-markets-teeter


Global Markets Teeter Precariously on the Edge

I recommend that you read the prior blog entry before assimilating the information in this new report.

So far the core analysis presented in the last report has been validated by market action, technicals and ongoing developments in the fundamentals.  

As suggested, markets around the world have tested or violated key technical levels.  In this video, I follow up the prior video report with further evidence of an ongoing, global technical breakdown across virtually all world markets.

Here's a direct link to the video: http://www.youtube.com/watch?v=lnGFTFVv-Lg

Tonight, India has plunged 3.3% upon breaking the support line indicated in the video.

Nasdaq 100 has closed below its 200 EMA for three consecutive days and is challenging its long term uptrend:

It appears that Crude Oil and quite probably the commodities complex in general is leading the next break lower in a repeat of the May top.  The geosynchronous technical weakness is not likely to be an anomaly or a false signal and is already in a sufficiently advanced stage of development that a reversal and re-initiation of the bull market are unlikely.  

 

READ THE FULL BULLBEAR MARKET REPORT: 

http://www.thebullbear.com/group/bullbeartradingservice/forum/topic...

 

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