Equity Indices Weekly (11 Nov ’17)
Just higher are the 2615~ (138.2%) Fibonacci projection of the 2016 rally and the 2620, (76.4%) projection of the 2011-2015 rally.
This area is expected to provide an initial barrier, as overbought studies begin to turn down.
A close below 2500 would add weight to sentiment and delay higher levels.
To access the full report, covering the MSCI World Index, US, UK, and Europe indexes, please click here