This blog is about how the world stock markets perform and which way they will take next.I have developed my own technical tools during 30 years to give the investor early warnings for coming big changes in the main trends and for the trader to take positions before the markets react. Click all charts.
20/03/2014
SP500 is the most important index today since it has not got a cross. There is a possibility to avoid a cross and instead let the 8 day MA turn up instead of crossing the 21 MA. The range now is 849 - 874. A close above the line in the daily chart will keep the index from crossing. So far 855 is holding and the R points are 860,863, 868, 871,873 and 876. A break of 876 opens the way to test the all time high at 888.
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