A quick post about how the markets have done over the last few days, in both reaching a two year low (lowest since August 2009) and then doing a 4% recovery over two days.
(Click to enlarge)
The slope of the 50 and 200 DMA are now down and it looks like the index is headed downwards. Strong technical support exists at 4,500 but nowadays strong is a relative word; news flow can be much stronger.
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