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Saturday, 2 January 2021

DJIA and the world markets (Macrotrend): 2 January 2021

    


DJIA and the world markets (Macrotrend):
2 January 2021
(Click on the Technical Chart Above to Expand)

Attached is the Super-cycle/Secular-cycle of DJIA and it serves an indicative guide to world markets (similar trend for S&P500 as well). There is practically no chance any trend can break up a trend up-channel resistance of a logarithmic chart because in linear scale, it already looks exponential. A deep down-move in world markets is expected -- upside almost negligible compared to downside, i.e. rewards virtually negligible compared to risks. Outlook: bearish in everything.

The Donovan Norfolk Technical (SIA):
High Bearish

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