We have seen sharp fall in almost all global indices as well as most stocks in last week, due to fear of global slowdown. So all Long positions are either booked or triggered stoplosses.
Going Short at this time on global Indices & Stocks is quite risky, its definately sell signal but “not Short sell”.
we must wait for a weekly close to analyse & confirm Short sell signal, till better to wait & stay light in position.
Falling commodity prices will create problems to all economies, & its a effect of currency war.
Most of global indices may top out & start correcting, if ECB doesn’t take favourable decisions, although signal are not clear So better to avoid aggressive positions.
* T & C Apply