AEWS19 RTSI GANN square of 9Russian Trade System Index
Autumn Equinox Winter Solstice 19 analysis based on Gann square of 9
Too many time levls.
Just interesting how it works.
RTSI
RI1! ShortBearish divergence. EFI, MACD. 10% possibility to rise up to 140000. First targer ~130000. Second ~125000
RTSI: Confirmed long term bullish break out.The Russian stock market has crossed above its long term (since 2008) long term bearish pattern this March and is currently aiming at the 1,340 1W Resistance. There is potential that the former Lower High trend line will turn into support now. Our long term target on this market is 1,500.
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RTS index could drop to 800-530 following the Brent crudeThere will be no miracle. Less revenues from falling oil market will drag the index lower
as it should be around 800 already and could hit 530 when the oil would retest a multi-year low.
The correlation index for the past 12 months shows negative correlation but it is a temporary situation
as on the longer periods (20+ months) it is positive.
This will change gradually when the index will catch up with a falling "knife" oil.
Russian index RTSI upwardsWith the announcement of the new and stronger sanctions against the russian industry and products the index RTS crashed and fell out of the older but positive trend channel.
Cause it has been an overreaction and so the recover started soon. The index rised back into the trend channel but stayed near to the lower limit.
Since this time it swung around the lower limit and has formed a secondary trend channel.
The sentiment is positive, RSI and MACD in bullish terrain.
The football worldcup showed that Russians can organise a global event; there haven´t been big chaos and no greater problems with hooligans.
This helped to get a better image of the russian culture and their capability to manage great challenges. Perhaps it´ll give a new chance for negotiations between the US and Russia; and no new bad news from Syria (concerning military confrontation between the two blocks).
The russian industry isn´t in a well situation; corrumption and political capriciousness are hindering the prosperity.
In comparison to other markets the russian isn´t overbought and overvalued.
Risks are coming from a possible correction in oilprices and the new strength from the US-Dollar.
Technically: as long as RTS stays within the trend channel (one ore both) the positiven trend is alive.
RTS Index - Crisis?Form a triangle dictates the price to go down - to finish wave (e), followed by a rise.
However, it can turn out that the wave (c) of ((d)) will stretch and leave the upper edge of the triangle. Also, under certain circumstances, it may be impulse wave. But I consider this option as an alternative.
RTSI @ daily @ best index (of 55) 2016! While january`17 flat ?Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
58 SHARE INDICES worldwide (2016 Yearly Performance) @ drive.google.com
Best regards
Aaron
RTSI weekly 1000&800 at Febr2017.RTSI weekly 1000&800 at Febr2017. MAY=500.
Alternative 1400 (1600).
RTSRTS Russian index last time show good result. Good result, it does not drop. because RTS drop of 2011
SBERBANK RUS. SHORT. HALVING THE PRICE IN USD IS THE WAYSBERBANK RUS, SHORT. HALVING THE PRICE IN USD IS THE WAY.
SL levels as they drawn. TP as described.
