Charts Today – Markets recovering, but still long term bearish [Video]

Charts Today – Europe Open – 14 Jan 2019 – Markets recovering, but still long term bearish

  • Dollar turning short term bullish. Euro lower, Sterling bull run losing momentum.

  • US little changed last week, set to open lower today based on US futures down 1%.

  • UK and Germany set to open lower on futures. Japan up, HK and China down and still a long term worry.

  • Crude oil short term bull trend weakening.

  • Gold rises and looking more and more bullish.

  • US bond still yields weak and unwind upside targets. Further US interest rate rises now less likely.

  • Downtrends still dominate.

  • US tech stocks still in downtrends despite big overnight gains.

  • Stock markets have made a good start to 2019 rising off lows, but we are still in a downtrend.

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