06 Aug State of the Market – 6 August 2015
Posted at 17:18h
in Trading
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.
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.
Long term is neutral.