GodInex approaches the bottleneck.
Yesterday morning we published new charts showing Rate the God indices on July. Immediately decided to perform technical analysis of the GodIndex.
We can see the long-term downward trend, which will prevent the index growth above -0.5. If the resistance at this level is broken, GodIndex can go sharply upward. It has bumped up against resistance at -0.5 several times, last on September 2008.
It’s worthwhile to note that quite interesting situation presents itself at the short-term GodIndex chart. Let’s look at:
Short-term upward trend started in October 2008 at -3 point and lasts to this day. Godinex approaches the bottleneck, however, appointed by the very strong resistance that sets the long-term trend and short-term horizontal resistance, which has already been bumping up 5 times unsuccessfully so far. There is a short-term upward trend, which sets the lower limit of the GodIndex movement. We do not know what will happen, but will closely follow these events.