Have a look at the some of the world major indices and compare it with some growing economies like India and Philippines
- Most of them are trading on their all time high levels and desperately pushing up , However if you see the strength of the move is lacking , We see small bullish candles which shows lack of strength in the move
- Also we see major divergence issues which also indicates the same thing . Lack of strength
- Should we see major downside movement or market will continue to make higher highs
- Reason to worry here is , we see lot of global issues at the same time – Trade war between US and china , Britain’s exit from EU . Manufacturing index of most of the countries are not progressing
- Central banks are cutting rates
- Global trust issues between countries
- China the world’s manufacturing hub is not performing so well
We should keep and eye on all these issues and try to look for other alternatives
