All indexes are moving near Wednesdays close in the U.S. 1 hour, 2 hour, daily and weekly trends are up and the indexes are moving in channels slowly up. Observe that the daily bars now are very close to the channel top so a move down to the channel bottom could occur. SP500 and DOW has broken all resistance points for moving higher. The European indexes still have important resistance points to take out above current level.
The daily and weekly charts for DOW, SP500, DAX and SWED look strong and bullish. It is very important now to follow the trading on 5 -30 minutes chart to see if anything happens that can look like a trend change. The strong indexes are all trading above the falling 8 month MA. But I want a close above these MA:s to name the indexes bull markets.
The EURO's uptrend continues slowly and one important resistance point has been taken this morning.
The daily and weekly charts for DOW, SP500, DAX and SWED look strong and bullish. It is very important now to follow the trading on 5 -30 minutes chart to see if anything happens that can look like a trend change. The strong indexes are all trading above the falling 8 month MA. But I want a close above these MA:s to name the indexes bull markets.
The EURO's uptrend continues slowly and one important resistance point has been taken this morning.
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