DOW, SP500, DAX, FTSE and SWED are all in their up trend channels and the daily rising 8 MA's have so far stopped any downside trial. There is only one thing to keep in mind for the next few days. DOW's 2011 top close was 12.810. Yesterday this index tried to make a new 3 year high and reached an intraday top of 12.838 but closed down at 12.733.6. Since the up trends are still in place a new test could come very soon.
Either DOW takes a new 3 year high or try a few more days and then turn around for downside. A very interesting interesting situation.
Either DOW takes a new 3 year high or try a few more days and then turn around for downside. A very interesting interesting situation.
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