A very strong Friday for all indexes, closing in on the critical points. NAS is the strongest by closing above its 61,8 % FIB number. The coming week starts with very strong 2 hr uptrends but questions about too high closes from the 8 day MA:s. This will be the most exciting week during 2014. Will the critical points be taken out signalling a test of the highs or will this only be the second wave giving a perfect top out before the highs for short players.
China and Japan rallied as well, Gold trend steady sideways and the US 10 yr notes and the Euro are still holding up but both can get a turnaround this week.. There is no sign of calm down swings and I expect the same volatility. Again remember the critical points FTSE 642 (643:75 in certain charts) and 1.806.20 for SP500 above its 2 hr 200 falling MA and these points are the marks for the monthly close in February but intra month or daily trends could well be stopped here anyway.
China and Japan rallied as well, Gold trend steady sideways and the US 10 yr notes and the Euro are still holding up but both can get a turnaround this week.. There is no sign of calm down swings and I expect the same volatility. Again remember the critical points FTSE 642 (643:75 in certain charts) and 1.806.20 for SP500 above its 2 hr 200 falling MA and these points are the marks for the monthly close in February but intra month or daily trends could well be stopped here anyway.
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