Market Trend Update

The Share Market is experiencing large swings and with so much uncertainty in the horizon it is difficult to speculate what type of market we are in now and market conditions in the future.

The Dow Jones recent double top pattern has coincided with all the bad news from the Euro Zone. The new emerging bear trend seems to be followed by China as well, who is ignoring the need for stimulating its economy.

Will Greece and Spain contribute further to the financial market instability? We could see a downward push to a resistance level around 12,000 if the worse doesn’t occur. If there is disintegration of the Euro Zone, we could experience another turmoil like the GFC which originated in USA.

Meanwhile,CFD traders could take advantage of the market conditions and trade with the bear trend in mind. Don’t fall for the first recovery signals until positives news come from Greece and the unfolding bank bailout in Spain. These are exciting times for trading but keep your capital safe.

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