DOW, SP500, DAX, FTSE and SWED will get their tops at the same time. As soon as one of them show signs of a top I will tell you. This is a very difficult task and I may be wrong but it is better to tell you what I see than miss the tops.
The daily charts now looks more or less the same. Yesterday we got a second daily close high above the rising 8 MA. SP500 trading told me that some players are not very keen to go higher. This is my feeling after having followed the whole session, which I use to do. The robots tried several time to lift the trend and they got a new high but it was sold down quite fast. The DOW worked the same way and so did FTSE and DAX in the US. This could be just a blip but the look of the top formations with the third day starting at the same place make me suspicious. To get the feeling for the market I still trade small short positions during the US sessions not to make money.
The only thing that is disturbing is when special US small news in my opinion sends the market within seconds very high or low. However I feel right now that the top could come soon or have passed already. Tonight's daily close in the US will say a lot. SWED is closing in on a very difficult R point which it hit Monday and fell back from quickly.
Many analysts want their clients to wait until the markets have fallen 5 - 15 percent before they recommend short selling. My own opinion is that I want to go short from the day I think the tops will not be taken any more.
The daily charts now looks more or less the same. Yesterday we got a second daily close high above the rising 8 MA. SP500 trading told me that some players are not very keen to go higher. This is my feeling after having followed the whole session, which I use to do. The robots tried several time to lift the trend and they got a new high but it was sold down quite fast. The DOW worked the same way and so did FTSE and DAX in the US. This could be just a blip but the look of the top formations with the third day starting at the same place make me suspicious. To get the feeling for the market I still trade small short positions during the US sessions not to make money.
The only thing that is disturbing is when special US small news in my opinion sends the market within seconds very high or low. However I feel right now that the top could come soon or have passed already. Tonight's daily close in the US will say a lot. SWED is closing in on a very difficult R point which it hit Monday and fell back from quickly.
Many analysts want their clients to wait until the markets have fallen 5 - 15 percent before they recommend short selling. My own opinion is that I want to go short from the day I think the tops will not be taken any more.
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