This is a chart I published a month ago predicting a significant correction in global markets. The next two weeks are critical in determining in which type of market we will be in for the rest of the year. A significant decline in emerging markets is already happening. Social unrest is rearing its head in many countries. These are not the signs of a bullish...
Poor fundamentals with the USD and a predicted failure of the QE will result in a significant downturn in V by Q2 2014.
NASDAQ is showing very strong overbought signals by the StochRSI, MACD, and triangle patterns. Fundamentals for the stock market are weak and weakening with a rapid decline in the USD to be expected over the next years. My recommendation is to invest in inverse ETF's and diversify your holdings into bitcoin and litecoin. China is vying for power and recognition...
Today's climb to $1000 was weak. Bitcoin will repeat the rise pattern experienced at 11/20 to climb to a new baseline of $1200 by 11/30. MACD, StockRSI, and support patterns indicate strong signal.
Many indicators showing that a target price of $999 will be reached by 11/29.
STOCHRSI, MACD, and Para SAR all showing very bullish on the 4h.