BOVESPA Weekly Close @ 08/17/2012 |
The 'dotted blue line' remains valid (just) until we witness a series of Daily Closes above it or a Weekly Close above.
The Large Range Indecisive Weekly Candle from last week suggests a 'pause' @ the very least, the China $SSEC Index's anemic performance weighing on the Emerging Markets & Commodity types.
Iron- Ore & Coal Prices are the $'s to watch as they could 'pull the rug' from under the whole 'downstream' economic 'miners'.