Aquater

Market Outlook: Trendless Consolidation Will Give Way to Major Move

Good analysis that, however, depends a great deal just on the play between 50dEma and 200dEMA. The magic of this interplay was asserted frequently but not explained in any detail. It was assumed and applied indiscriminately across the board in all kinds of markets without a serious look at alternative indicators like slow stochastics, RSI, MACD and so on. The fundamental analysis was restricted to UK debt downgrade and no serious examination of the green shoots was presented. Analysis of the long position on gold was, however, more convincing but did not make a long-term case for GLD or GDX. The bullish bias on equities along with a neutral short-term stance is indeed an interesting position to argue and for that the article merits serious consideration and a challenging perspective to the bearish scenario.