I wanted to just see how the markets would look today after the Crimea vote and it looks like the outcome was mostly priced in already. The Aus 200 cash weekly chart here is bearish off a double head resistance so that is obviously a strong indication that we can expect more downside. The weekly MACD has turned back down again also. I am waiting now to see a close below the 35 MA. That would confirm a possible shift into a confirmed downtrend on the weekly. If we get a lower weekly low than the previous low that will be extremely bearish. I don't know if we will see that. I don't think we will but if relations deteriorate rapidly in any one of the geopolitical hotspots around the world, we could easily see a lower low.
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