Just a couple of VERY simple charts to show the daily and hourly...

Just a couple of VERY simple charts to show the daily and hourly movements of late.
As mentioned prior, the sp followed the xmj down and is a long way from the 18.5 that I previously posted , and has shown some green shoots of hope , with a small uptick in volumes, as it moved northwards again..
At least until there is another run for the exits, but let's hope that the market has priced in all the doom and gloom, and perhaps heads south in a more orderly fashion...

There are still a few warning signs of possible trouble ahead, like the 9 period ma crossing over the 20 on the daily and is threatening the 50, which is concerning, however the hourly backs in that it might turn up with a bit of volume showing.
My simple as fguk momentum indicators too show a little less selling pressure, and a little more buying, but it is hardly set in concrete as yet..

If anything the 13~13.5 looks like a possible bounce away from the bottom bollinger band, but again, a long bow to draw with my limited skills.

I will post up a couple of volume indicators in order to show a bit of hope forming, however a steep red night in the US, and all bets are off.
This behaviour does not appear to be fundamentally driven , but more technically, especially as some of the large cap energies looked very attractive on yesterday's hammering, possibly leading to an exit of speccies and into stable earners...