A major global market turning point / major trend change occurred on Friday night due to a cluster of index technical sell signals generated - S&P500, Nasdaq, DAX and CAC. This follows the sell signal triggered on the Dow Jones the previous day, and earlier sell signals generated on the ASX200 index, FTSE and Nikkei over recent weeks. Given these index sell signals have occurred in rapid succession is a major technical indicator of the degree of downward momentum that is now in force across key global markets. Significant downside is expected to occur from current levels
Angela does your technical analysis provide indications as to where/how far the downside exists? I.E. Is there a resistance level for the Australian market?