This blog is about how the world stock markets perform and which way they will take next.I have developed my own technical tools during 30 years to give the investor early warnings for coming big changes in the main trends and for the trader to take positions before the markets react. Click all charts.
31/05/2013
WATCH UP. SP500 and DOW broke the last 15 trading minutes on Friday down to 1.630 and 15.125 breaking important S line. Technically next week the SP500 target is 1.594 unless the late breaks can be retested and held above the breaking lines. No other indexes were involved. Break lines in the 2 hr chart are from intra days tops and bottoms
DOW big picture month and week, bar and line to see the importance of the close the last day of the month and week. The weekly chart might get a close at the same point as the highest close so far, second to the left. If that happens a double top has been created which in a weekly chart is a strong sign for next weeks close to be lower than the three at the top.
EURO or EURUSD (euro aginst dollar) has rallied strongly since the uptrend for US bond yields started. Now holding at the top. This currency combination has more than 80 % of all currency pairs market shares and is trading 24 hours during the weeks The turnaround is the biggest in the world. Second is bonds and far below the combined stock markets.. It opens early Sunday evening. This is a perfect barometer for the world markets.
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