01/11/2012

Many main indexes got 8 month MA turned down Wednesday

The monthly trend is technically down since Thursday morning in all main indexes but SP500 and DAX. The weekly and daily trends are down as well. The 2 hour trends are down to sideways.

However there are very small margins and the monthly MA's can easily change. The US markets health are still unsure and I prefer to give a long trend forecast after Fridays close for all main indexes.

Thursday there will be lots of US financial news all day.

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