The DOW, SP500, FTSE and DAX daily trends are still up but can easily change to down now. We are at a crucial point for the up trends and the risk for the trends to change to down could be very near and happen suddenly from now on.

The 2 hour trends are moving sideways with no clear direction. The daily trends are also moving sideways or slightly up. Any big fundamental news can change this situation very fast. Either there will be a new leg up or a first leg down. The turnovers are still small so a speculative intervention by some big players can easily occur. The last 8 days sideways trend has been made up of rallies to get short positions as high as possible in my view for the big traders. Now we have come to a point that a real outbreak must come soon. The trends can go on like this the whole week but we should be prepared for a change from now on. The robot traders are very well aware of this situation and I believe they are the main players in all markets right now.