Interesting charts December 31st 2015
German 10-year (Bund) yields – posted a large upward dynamic to break the medium-term downtrend in April and have been ranging above 0.50% since. The chart has Type-1 bottom characteristics with right hand extension.
iShares MSCI Brazil ETF testing its lows near $20 and a clear upward dynamic will be required to signal more than short-term support in this area. This remains a market where political change has the capacity to represent a major catalyst for change.
S&P/ASX Financials Index pushed back above the 200-day MA in the last couple of days and will need to hold the move if recovery potential is to be given the benefit of the doubt.
