This blog is about how the world stock markets perform and which way they will take next.I have developed my own technical tools during 30 years to give the investor early warnings for coming big changes in the main trends and for the trader to take positions before the markets react.
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Friday stock indices have moved above yesterdays low but very little. Now SP500 and FTSE is both very close to take out yesterdays bottom. If this occur a substantial drop can occur
However DOW is still holding above 8 weekly MA so a double bottom could well occur Friday in New York including FTSE and SP500.
Before US trading next Monday I will have an outlook report ready.