Just also remember that we might consolidate until Friday. We have US thanksgiving on Thursday. Usually after US thanksgiving the market has a down day.
Because US markets are at all time highs, a reversal will come later throughout the week in those markets. That should tell you that Santa Rally is about to start.
The Indian50 sold off together with Top40 last week. These are EM Markets. Today the Indian50 started turning. This should tell us a low base is forming. After the US reversal is complete, Top40 would have found a base.
US markets are bullish, and FTSE and Top40 will catch up sooner or later.
The Nikkei broke a 20 year trendline today
Can't assume the low is in...that was the call last week as well and look to where we fell?
Charts telling more blood going to flow, can't ignore the massive divergences on the US charts so just a matter of time..catching up with us and not otherway around!
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