Monday was an explosive day in all main indexes, especially DOW, SP500 and FTSE with a long bar and finally a close at the middle. I have 1 short FTSE at 5.838 which I hopefully will keep as an investment.
Asia has been very quiet and DAX opened 10 minutes ago at Wall Street close level. All main indexes have the 8 day MA down and the 21 day MA up and are trading between these lines. FTSE is close to cross its 8 MA with the falling 34 MA but has not made that yet.
US indexes still gives a solid uptrend impression. DAX looks still as the DOW and seems strong. FTSE and CAC are the only European indexes that seems vulnerable right now. I expect trading within yesterdays Hi - Lo and no change in the sideways to up main trends.
Asia has been very quiet and DAX opened 10 minutes ago at Wall Street close level. All main indexes have the 8 day MA down and the 21 day MA up and are trading between these lines. FTSE is close to cross its 8 MA with the falling 34 MA but has not made that yet.
US indexes still gives a solid uptrend impression. DAX looks still as the DOW and seems strong. FTSE and CAC are the only European indexes that seems vulnerable right now. I expect trading within yesterdays Hi - Lo and no change in the sideways to up main trends.
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