The upside rally started a few hours after my prediction Thursday morning and the trends are now up. To me the FTSE 642 might be the most important point in the world market indexes right now because FTSE use to show the way and has done so for 30 years. You know by now where that line is after many charts and explanations. All critical points for the indexes you can find in this mornings charts.
The uptrends bottoms are strong and I expect the critical points to be tested in current rally or later. There are many resistance points (R) for every chart and I expect a very interesting month. The SP500 critical point is also easy to remember at 806.20.
The 10 year note trend is strongly down but yesterday's very strong drop and yield up might only have given a resistance point at the notes a to top that will hold. The Euro has rallied as well but this can be a short lived correction. The results from US companies,where more than half now has aired their 4th quarter standings, will continue to influence the daily trends.
The uptrends bottoms are strong and I expect the critical points to be tested in current rally or later. There are many resistance points (R) for every chart and I expect a very interesting month. The SP500 critical point is also easy to remember at 806.20.
The 10 year note trend is strongly down but yesterday's very strong drop and yield up might only have given a resistance point at the notes a to top that will hold. The Euro has rallied as well but this can be a short lived correction. The results from US companies,where more than half now has aired their 4th quarter standings, will continue to influence the daily trends.
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