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
SWED has closed for May 2013. Here is month, week and day for the close
SWED daily chart looks very bearish to me and I think we are in for a drop to 1.182 area
10 yr notes has been moving sideways since opening. Here day and 2 hr diagrams now
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.
DAX is currently locked between the rising 8 MA and the falling 21 MA on 2 hr chart
FTSE day still holding around the rising 21 MA for the third day. Downside more likely than upside but so far calm movements
GOLD's bottom gets even stronger while silver is holding sideways around 22 dollar/oz
30/05/2013
FTSE, DAX and SWED daily close. FTSE and DAX fell last hour in NY as well
DOW falls as well last hour with a Key Reversal 2 hr bar indicating uptrend over for a while. All numbers in chart window for last bar
10 year notes fell to new lows and still trading at the bottom
SP500 falls last hour to close at 1.653.87 below critical 655.
