MAJOR Market Update - Big Down Side Coming
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I wish I could give you better news but as I've been saying all week that the market is looking weak because of the peaks and troughs and as you see as of the close of Fridays after noon close, that another big down day in the market.
This was not only closing below key support levels but created another Lower peak.
In Thursday video titled : Market Update - All Index's Had A Reversal - I talked about that the market is still weak and that the Santa clause rally is not likely to happen this year because…
The last two years , the first half of DEC was bearish and then from the 16th DEC 2013 and 2014 we had a rally into the end of the year.
We had a sideways movement / bearish move for the first half of this DEC and not its getting into the later part DEC 2015 and we see nothing but lower peaks and troughs with BIG down days for the last few days. This is different and I expect to see some big move coming out of this market in the coming week..
Especially to the down side.
So if you do have big stock portfolio in the Aussie market or US market .. SELL IT ALL. Cause what I'm seeing on the charts does not look pretty.