Dax 15 min 19:50

DOW 5 min 19:51 is falling

SP500 5 min 19:48. Drop on downside could continue

Nas month Feb 28, 2014, Extremely strong uptrend.

Month 19:14

SP500 takes a new high

Day

2 hr

5 min

SP500 day and 2 hr 11:09

Day

2 hr

DOW day and 2 hr 11:03

Day

2 hr

FTSE day and 2 hr 11:00

Day

2 hr

DAX day and 2 hr 10:57.

Day

2 hr

SWED day and 2 hr at 10:48

Day

2 hr

DAX open higher but below the falling daily MA

Day 08:13

SWED Thursday close

Day

2 hr

DAX Thursday close

Day

2 hr

FTSE day and 2 hr 05:23

Day

2 hr

DOW Thursday close just a little above important R line.

Day

2 hr

SP500 got a new closing high Thursday at 854:79.

Day 05:09

2 hr 05:09

DAX 2 hr 14:24. Comparing the top with current double top can in the worst case scenario start a very serious drop if 9.477 is taken out on close. We can also see a big rally up and the creation of a third top. So far up and downside are open

2 hr

SWED day and 2 hr

Day

2 hr

DAX day and 2 hr. A break on 2 hr close below 9.477 might start a bigger drop

Day

2 hr

FTSE day and 2 hr

Day

2 hr

DOW day and 2 hr

Day

2 hr

SP500 has fallen to 834 and here is natural support. If broken next support is 821

Day

2 hr

DO not miss what I have written after the close last night below

DOW has opened in exacly the same situation as the SP500 below. A WARNING for downside.

2 hr

SP500 has opened with a negative outlook for the 2 hr diagram

2 hr. At 01:00 there will be a cross on downside. Further more the 8 MA has made its five waves on upside and now turned down.

All things considered

The stock indexes are making small daily movements in a very crucial situation. Will it be a big double top with a powerful drop or can SP500 break on upside and join NAS and SWED in what so far seems to be new waves on upside.Every close is very important right now. There are news 14:30 Thursday regarding Durable goods orders and Jobless claims and most important GDP at the same time Friday. The bond market is strong and funds are moving back into bonds. Friday weekly and monthly close of the indexes are very important for the immediate outlook. Precious metals is back in uptrends as bonds and the dollar is moving sideways.

A double top or triple top in the monthly charts is in the cards and a perfect monthly close for SP500 would be 847:88. Why, I will tell you if it happens.

EURUSD is moving steady between 1.34 - 1.38.

Day

GOLD trend is up. Monthly, weekly and daily diagrams show the same picture at close Wednesday

Month

Week

Day

US 10 year notes trend is strongly up and interest rates down. Here is monthly, weekly and daily chart at close Wednesday

Month

Week

Day

SWED day and 2 hr takes a new high the last hour and trend is still up

Day

2 hr