Last week signal repeats, large equities price move likely

Last week we observed compression point on a number of equity indices that was starting to break downwards, signalling high probability of a new short-term bearish trend. The trend did not materialize. Instead compression signals repeated this week (see Russian stock index future below). High possibility of a strong directional move on equities remains. The direction of the initial move from this point is likely to persist for 1-2 weeks (given 4 hour time-scale of the signal).

Last week signal repeats, large equities price move likely