djia hang seng upcoming markets

With the expected slow down in the US already upon us (?) and the markets factoring this in already, are there any warning signs for us?

Below are the DJIA and HANG SENG 10 year charts. Both appear to be approaching multi-year double tops at a crucial time! They may pull back from these important resistance levels over the short-medium term and could use the US recession as the perfect trigger. A slow down in the US will definately have some affect on the Chinese (however small/large).








As a result of the expected slowdown, the CRB index (although heavily weighted in energies) has pulled back dramatically. Although an indication of a correction only and that the commodities run is far from over, this could lead to a lengthy period of consolidation at the least.





Something to ponder and there are plenty more indicators to bring up here - just not enough room! Just a basic Sunday afternoon observation.

Happy trading.