BEARISH MAY:STOCKS DECLINE WITH YEN STRENGHTH

30 apr 2016

The world economy is bearish both in monthly and weekly timeframe and China that usually leads the growth is also weak. For the weekly chart, we are likely to see volatility or directionless trading in the chart since next week loss has been priced in already, though AUD dollar may try a rally because of their interest rate report. so my bias is based on longer term which is shorting the risky asset or reversing the carry trading