17/11/2011

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.

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