11/05/2012

European indexes closed the week on a positive note.

IBEX closed up making the long daily downtrend end and start with a rising 8 MA on Monday. The 16 day sideways trend could get a buy signal next week.

SWED closed just above the rising 8 months MA. The weekly and daily trends are still down.

DAX and FTSE also ended the cash markets on upside but still with the daily trends down. As you know by now my charts for DAX and FTSE close at CET 22:00 together with the DOW and SP500.

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