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.
17/05/2013
SP500 must take and hold 1.655. That is what it's about right now. If the index fails a test of 1.634 will come. The 2 hr 21 MA has not gotten above this 655 line which is crucial. Also see the FIB lines on this chart and you will find that 61.8 lies exactly at today's top. As you know US closed down yesterday and this trying to come back efforts is difficult to predict and the wild robots are not in yet.
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