Russia Index Poised For Breakout
Candy Matheson | Sep 08, 2017 03:27PM ET
Russia was a big gainer, Friday, as shown on the following heat map of World Stock Markets.
The Russian Index has broken above its long-term apex around 1080, but is still below its down-trend line, as shown on the Monthly chart below. We'll see if it holds in the days/weeks ahead.
The momentum and rate-of-change indicators are still depressed, so I'd need to see a new swing high made above the highs of 2016 on a trend-line breakout to confirm any sustained rally, especially above major resistance at 1200.
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