Russia RTS Index: 12 April 2015, Sunday, 10.57pm Singapore Time

Russia RTS Index: 12 April 2015, Sunday, 10.57pm Singapore Time

Attached is the follow up of the Russia RTS Index and the Russian Stocks Market. 

In September 2012 (RED Circled point in chart), I forewarned using the fan analysis and worldwide Funds Flow Analysis that the Russia Stocks Market will crash and that the Russia Ruble will go into a deep bear market (refer: http://donovan-ang.blogspot.sg/2012/09/russia-rts-standard-index-23-september.html). This has now taken place and Russia is entrenched in the early-mid stage of a bear market.

Together with the impending commodities escape wave (dead cat bounce) to come worldwide, including the crude oil escape wave, Russian markets will move upwards to backtest the 1242-1340 points band to confirm its long term bear market.

This rebound is in tune with the last and final upmove in strong markets worldwide. It will also synchronously be the last and final escape wave in weak markets worldwide.

In essence, for weak markets and weak stocks, this final dead cat bounce is merely to confirm long term bear markets just like the Russian case; for strong markets, they may make new highs but that will be the final wave up (eg laggard markets such as China and Hong Kong).

The rebound in Russia will end around 1242-1340 points band in chart above, following which Russia Stocks Market, together with Ruble, will crash below RTS Index of below 500 points.

This bear market in Russian financial markets and Russian Ruble is far from over.
Worldwide markets will also get worse after this escape wave rebound.

Donovan Norfolk Ang

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Russia RTS Standard Index: 23 September 2012, Sunday, 9.55pm

Russia RTS Standard Index: 23 September 2012, Sunday, 9.55pm

Attached is the Russia RTS Standard Index. 

The chart above speaks a thousand words; currently Russia RTS is still entrenched within an initial Bear Market Characteristics. Bearish Fan, Bearish Volumes in Russia (member of BRICs) and Bearish Technicals. 

Only a break-up above the lowest frame of the Fan (Black Line Support-turned-Resistance) and the powerful RED resistance band at 10468-11229 points will negate the bearish distributional structure.

A break down below 8367 points will immediately bring about a heavy sell-down and double-confirm the bear market.

Anywhere between 8367-11229 is a consolidation.

Based on structures, RTS (Russian Stock Market) and Russian Ruble currency is in an early stage of Bear Market.

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