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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US and European trends down approaching very important resistance levels.
The technical picture has deteriorated significantly since Wednesday. DOW, SP500, FTSE, DAX and SWED are moving in tandem down to test important resistance points which if broken can cause big drops.
The daily trends are now definitely down and several support points have been broken since Europe opened.
Today and tomorrow Friday could be the beginning of the next big move down.