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.
SP500 1 hr 17:19. My prognosis from 09:03 is holding so far. Not above 705 - reached 704 where 100 MA stopped the uptrend. Now testing downside. There is a possibility that the rest of the prognosis might hold as well which is target 689 or below. But now market is trading in 693 area.
SP500 1 hr 17:25. Very interesting start when NYSE opened with the quick rally when the robots bought and the short positions were taken out from both yesterday and today at the run. The robots then sold 703 area and took profit on downside at 693 that is 20 points in less than two hours. Either the robots now go home or stop trading waiting for new opportunity. A momentum has now built up and the rest of the day could be similar. Hope so.