The last several weeks have seen share markets tumble in the order of 10%. Investors nerves are frayed. The market is taking a glass half empty view of the world but if you look closely, there are some positives out there. Based on previous trading history though, are the buyers now ready to step up to the plate and finally offer some support?
Let’s look at the charts for the S&P 500 and the S&P/ASX 200 to determine whether we will get that elusive Christmas rally. I’ll also take a look at the two big Aussie stocks in the index, Commonwealth Bank (ASX:CBA), and BHP Limited (ASX:BHP).