Equity Indices Weekly (09 Dec ’17)

MSCI World Index to find further gains difficult to sustainExtending break above the 2050, (76.4%) Fibonacci projection of the 2011-2015 rally.

However, momentum studies and the weakening Tension Indicator suggest gains will likely prove difficult to maintain.

Focus remains on 2100.

Support is at the 2016~ break level.

A close beneath here will prompt a fresh Downgrade.

A further close below 2000 will confirm a more significant reaction and turn sentiment Negative.

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