The recent changes in chart momentum are warning of potential Bear Market conditions ahead for the ASX 200.
You don't need to wait for a -20% fall to confirm Bear Market conditions as by then, the first third to half the move could be over which is the easier to make. It's looking likely that before the end of this week, weekly momentum on the ASX 200 will turn down from bullish decreasing to increasingly bearish, which will confirm the earlier formed bearish MACD down-cross once the Stochastic descends below the 80.0 line becoming overbought.
This change in weekly momentum will mean that the probability of further breakdowns in PA - from where we currently stand near 5700 - is high over the next several months. IMO EMs/Commodity economies are going to confirm Bear Market conditions first, then followed by Tech/Industrial economies later, commencing perhaps during Oct/Nov. This H2 is going to be a doozy.. DYOR. http://bit.ly/2t61f6U