The MasterCharts: We’ve Taken Out All Trendlines
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Tuesday, March 15, 2011

We’ve Taken Out All Trendlines

We’ve Taken Out All Trendlines

Things are getting VERY ugly in the financial markets. Indeed, we’ve taken out virtually every trendline that supported the markets from the 2008 Crash.
First off are the emerging markets: trendline broken and retest failed.
Same goes for THE commodity play: Brazil:
And the “growth miracle” China:
Here in the US, the S&P 500 has taken out the trendline that supported it from the end of September onwards:
The US Dollar has ALSO taken out its long-term trendline:
In plain terms, the financial system is RED ALERT. The question now is if additional liquidity can prop this giant house of cards up anymore.

We’ve Taken Out All Trendlines

Check it out on The MasterCharts