State of the Market – 6 August 2015

st6aug2015

Short term is neutral, and it’s recent peak was lower than the previous peak.  Potentially a bearish sign and leaving plenty of room to fall.

mt6aug2015

Medium term is no longer oversold.  It is neutral, and slightly bouncing which could be viewed as a positive sign.  Either way, it is not oversold so this is not a great/extreme entry point.

lt_6aug15

 

Long term is neutral.