The trend change in the daily charts last week was made by three US unexpected news. Employment, Fed and GDP 4,1 percent. The coming Christmas week will hopefully give the markets time to rest and consolidate before next big move which starts Jan 2. The monthly charts up trends are unchanged within their channels. DOW and SP500 are the strongest. DAX and SWED comes next but FTSE is still in a down trend.
From now until Dec 31 I expect the markets to be thin which open the doors for robot trading competition in small scale and maybe wild swings. This type of trading has a purpose. The big traders will lay the grounds for Jan 2 with a chart picture that often has been traps when Jan 2 comes.
I will follow every trading day and report as usual. We are never closed if trading is going on with any of my five indexes.
From now until Dec 31 I expect the markets to be thin which open the doors for robot trading competition in small scale and maybe wild swings. This type of trading has a purpose. The big traders will lay the grounds for Jan 2 with a chart picture that often has been traps when Jan 2 comes.
I will follow every trading day and report as usual. We are never closed if trading is going on with any of my five indexes.
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