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Tuesday, 17 June 2014

Argentina MerVal Index: 17 June 2014, Tuesday, 2.22pm Singapore Time

Argentina MerVal Index: 17 June 2014, Tuesday, 2.22pm Singapore Time
Chart courtesy of StockCharts.com

Technical Analysis of Argentina MerVal Index as per illustrated in Daily Chart above.
Argentina Stocks and Equities Market has topped out.
Severe plunge of -10.09% in a single day.
The last wave up was completed with an exponential curve and such a move is always a warning to get out.
The transition from bull market to bear market that is to come was warned early 2014.
Be cautious.

Donovan Norfolk Technical Rating:
Bearish
Signs of Topping Out



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