The weekly and daily 8 MA will both turn down when the Dow opens at CET 00:00 Monday. This means that a cap has started to be built to stop a new high, nothing else at present. The monthly uptrend is still very strong and the monthly 8 MA now at 12.653 should stop any further downside drop.
The 2 hour trend is still down and it cannot change until Europe has started to trade.
SP500 picture looks the same as the DOW. DAX and FTSE both are close or at the rising monthly 8 MA where I expect a stop to the downtrends.
The 2 hour trend is still down and it cannot change until Europe has started to trade.
SP500 picture looks the same as the DOW. DAX and FTSE both are close or at the rising monthly 8 MA where I expect a stop to the downtrends.
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