Equity Indices Monthly (Dec ’17)

MSCI World at highs, but momentum weakeningPush above the 2050, (76.4%) Fibonacci projection of the 2011-2015 rally currently balanced beneath 2100.

Investors remain Positive as the Tension Indicator continues to strengthen.

However, overstretched studies suggest further gains could prove increasingly difficult to maintain.

A close below 2000 would add weight to sentiment and prompt a Downgrade.

 

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