Interesting charts December 8th 2015
FTSE-350 Banks are testing the lower side of a more than three-month range and a clear upward dynamic would be required to signal demand returning to dominance in this area.
Dow Jones Transportation Index has held a progression of lower rally highs since its November peak. It is now pulling back following a test of the region of the 200-day MA and a sustained move above 8500 would be required to question medium-term supply dominance.
India’s Nifty Index hit a peak near 9000 in March and has held a progression of lower rally highs since. A sustained move above the MA is the minimum required to signal a return to demand dominance beyond short-term scope for steadying.
