This is not a pretty sight.
US QE has stopped. US$ will get stronger, US companies will suffer because of it. Even Apple will surely feel the pinch at some point but maybe not.
Regardless of what I think of the fundamental reasons, the technical chart pattern looks like a bearish reversal and we are due a pull back. If this was on the h1, m15 or m1 i would trade this pattern short, so the fact that it appears on the Monthly must give it added importance.
Good luck and hopefully see you at the 1500-1600 mark in a few months time. Bear markets are quicker affairs than Bull grinds...
US QE has stopped. US$ will get stronger, US companies will suffer because of it. Even Apple will surely feel the pinch at some point but maybe not.
Regardless of what I think of the fundamental reasons, the technical chart pattern looks like a bearish reversal and we are due a pull back. If this was on the h1, m15 or m1 i would trade this pattern short, so the fact that it appears on the Monthly must give it added importance.
Good luck and hopefully see you at the 1500-1600 mark in a few months time. Bear markets are quicker affairs than Bull grinds...