We’ve Taken Out All Trendlines
By Phoenix Capital Research
Created 03/15/2011 – 10:00
Things are getting VERY ugly in the financial markets. Indeed, we’ve taken out virtually every trendline that supported the markets from the 2008 Crash.
First off are the emerging markets: trendline broken and retest failed.
Same goes for THE commodity play: Brazil:
And the “growth miracle” China:
Here in the US, the S&P 500 has taken out the trendline that supported it from the end of September onwards:
The US Dollar has ALSO taken out its long-term trendline:
In plain terms, the financial system is RED ALERT. The question now is if additional liquidity can prop this giant house of cards up anymore.
Check it out on The MasterCharts