23 Σεπ 2017

Heat map, close of 22/09/2017

-- Greek stocks deeped earlier this week, finding support at 1995 points for FTASE25 (38,2% Fibo level). Short term momentum turned neutral. Long term picture remains bullish as market stays above 1850-1900 points and as longer term moving averages remain positive and in uptrend. I expect market to consolidate and medium term bottom to be found in mid October to early November. Jumbo medium term momentum is bottoming, short term in uptrend and long term remains well above zero. A break above 14,30 will drive stock to previous highs.
-- International Indices, bullish in all time frames as momentums and trends remain bullish.
-- Commodities neutral, and yields turned Bullish short term.
-- FTSE 100 remains in Neutral to Bearish territory.