World Markets Tues 20 Mar 18
Responsive
Whiel the UKX adn NMX sold heavily yesterday - the MICX and AIM only declined by less than 0.5%and remain relatively bullish . GBP continues to gain strength finding support from the 50MA, this may well be catalysed by the improved outlook on Brexit negotiation: expect a retest of the Feb 1.43 highs on cable and a breakout to 1.50 possible S&P sold off heavily but rallied into the close: the FANGS losing ground for the first time in ages. NASDAQ checked the 50MA and bounced DJI closed below the 100MA marking a shift in medium term sentiment US small caps gapped down and closed near lows which is bearish Directionally markest are set for the downside so look for RSI based outperformers for longs but focus on shorts and weaknes to gather .
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