SP500 fell from 789 to 776 late Wednesday. 776 was only a hit and then up again to 782 in Asia and then down to 777 and now at 779.5. The 2 hr trend is down. The 789 line has now been passed by 34 period 2 hr MA which is down so current area will stand when Europe opens.
FTSE daily and 2 hr trends are down but currently a test on upside is being prepared. SWED will most likely get a gap on downside. DAX 2 hr trend is on the verge to drop on downside.
Most important however for all the indexes is the sharp and sudden rise in interest rates again. Here the daily and 2 hr trends for bonds point to even higher rates.
Gold has fallen to 1.244, below the important 1.300 line. If a new low should be taken the 800 level is still a possibility. US budget is back again in the heads of traders.
FTSE daily and 2 hr trends are down but currently a test on upside is being prepared. SWED will most likely get a gap on downside. DAX 2 hr trend is on the verge to drop on downside.
Most important however for all the indexes is the sharp and sudden rise in interest rates again. Here the daily and 2 hr trends for bonds point to even higher rates.
Gold has fallen to 1.244, below the important 1.300 line. If a new low should be taken the 800 level is still a possibility. US budget is back again in the heads of traders.
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