Starting to see some green shoots in the charts

Starting to see some green shoots in the charts

We have recently seen most share prices collapse, taken lower by almost vertical declines. Having exhausted the appetite for selling, many of the charts have started to work their way higher, breaking the savage downtrends in the prices. In some cases it even looks like new uptrends have started … at least for the short term.

The markets may still be digesting the events that caused the initial collapse. Further negative news such as increasing the clampdown on business and society will not be well received, while a relaxation of the strangulation we are all experience would be seen as a bull point.