22/05/2012

All main indexes closed at the days high in US Monday and the 2 hour trends are now all up. Trading has been sideways in the close areas in Asia and the high for today is below the falling 8 daily MA's which are the first resistance points now. There are lots of other R points as well just above Monday's closes. It is two and a half hour before Europe opens and decides the next movements.. DOW and SP500 also have key reversal bars Monday indikating the possibility that the down trend is over. Just now we can only follow the trading to find out what will happen next.


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