Today on the Russian stock market correction occurs, involving, primarily, with the collapse of the ruble, the decline in oil prices and a possible correction in world markets.
In general, global equity markets now are in the upward trend. While this kind of movement can be considered as a correction, but if the MICEX index goes below 1000 points, the holes would be quite serious moving averages, and have to say that the medium-term upward trend continues, will not have to.
So far what we see in our market - this is a correction in the framework of a growing trend, the trend is growing in all the world's equity markets. But if the events will develop a negative way, the correction may result from short-to medium-term. At the markets there are concerns that global markets have reached a local maximum, it may be a medium-term correction.
Among other factors it may be noted that in September for the world market, traditionally one of the most huduschih months. Given the fact that since the beginning of the year, all markets are well grown up, that by September you can expect a significant correction.
While a movement that we see in the market, located in the short-term correction to the upward trend. Major moving averages are not holes, and indicate that the upward trend has continued.
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