The new BML - Bear market line - is very important. So far the US indexes cannot have it yet but Europe can. The steep falling Euro is probably the main reason for weaker indexes plus loss of big income from Russia on sanctions back regarding food products.Germany loses a lot in export as well on the falling Russian currency.
The US indexes are in risk for downside unless SP500 takes and hold 955. They all move in tandem. A sort of BML could be placed at 955.
GOLD is falling sharply and is now a few dollars from 1.182 which has been the low for a long time.Silver is falling as well below 21 and the target can be 13 if gold breaks the low. OIL has next support at 94,92 and 89.
The US indexes are in risk for downside unless SP500 takes and hold 955. They all move in tandem. A sort of BML could be placed at 955.
GOLD is falling sharply and is now a few dollars from 1.182 which has been the low for a long time.Silver is falling as well below 21 and the target can be 13 if gold breaks the low. OIL has next support at 94,92 and 89.
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