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Saturday, 14 July 2018
DJIA, S&P500, NASDAQ, Commodities and Crude Oil (5-In-1) Technicals: 14 July 2018, Saturday, 4.50pm Singapore Time
DJIA, S&P500, NASDAQ, Commodities and Crude Oil (5-In-1) Technicals:
14 July 2018, Saturday, 4.50pm Singapore Time
(Click on Technical Chart above to Expand)
Attached is the DJIA, S&P500, NASDAQ, Commodities and Crude Oil (5-In-1) Technicals presented as One Chart. As per the characteristics which I had taught all along (that the NASDAQ and Tech are always the most leading indicators in market cycles and that the Singapore market is the most honest indicator in the world reflecting global economic health), the NASDAQ Composite leads once again. It has broken the key resistance of its large rounding bottom of re-accumulation and backtested the key resistance-turned-support at 7500 points successfully. This means world markets (including laggard DJIA and S&P500) to rally sharply soon. Commodities have also completed their backtesting and confirming their uptrend supports in yellow (refer chart) and ready to resume the next large wave up. All expected trajectories are in green.
The Donovan Norfolk Technical Rating of Worldwide Markets: Bullish. Long Term Bull Market, and Long Term Uptrends Successfully Confirmed.