Well, it doesn't take Einstein to look at this chart to see that things are crook in Tullarook.We're close to a bounce. The Slow Stochastic is down around 0 - but, probably, any bounce, or pause, is likely to be short lived before the next leg down. With the MACD below its signal line, the probabilities lie to the down side in the not too distant future.
On the Gold ETF chart, today's candle was a "stumpy" grave-stone candle. That often suggests a retracement is on the cards. The Slow Stochastic has crossed below its signal line. A cross below 80 would suggest that, short term, this rally has finished.
Putting it together.
We're looking at a relief rally in the general market in the next day or two.
After that ............................... hmmm. Probably another leg down. We shall see.
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