Nice bearish retest on markets today

[Stopless]

Especially the ftse which is very accurate!
It's interesting that the amount of volume is generally high on the upside and yet (it seems) the market is heading to July lows once again. Anyone agree? Crude also looks appealing...

 

[Hoggums]

I don't see any evidence it's heading to July lows at present until it breaks 5291 - the last major low.

Personally I think we are just experiencing a bullish shakeout (of sorts, technically speaking it's not one yet) and the uptrend will be resumed shortly. I'd like to see the index at 5800, a major resistance point before piling on the shorts.

I tend to agree about crude. It's been due for a bounceback for a little while.

 

[Stopless]

Indeed! just been noticing how commodities are due for a retest before any new lows are hit and S&P500 is lacking any upside swing at the moment. I remain bearish in the very medium term then a late year rally around election time. Thanks for your reply.