Market Report 8/25/15

Fed pumping money led to short covering, yet monthly $DJI stochastic not even in negative territory, weekly and daily at -71% and -64%. If monthly sell is confirmed this week, renewed attack on the 15200 will resume. USD/CHF is in downtrend, so is gold and oil. For political reasons US and China will try to stem decline before visit of Pres. Xi, yet charts look like a broken puzzle, WS pundits still bullish despite deflation and Trump ain't going nowhere. So volatility VIX index will keep on flashing until markets confirm direction. Declining trend resistance at 17850.

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