30/11/2014

All indexes monthly close. These big trends are all steady with no sign of weakness. They are however too high above the 8 MA so a correction might come soon.

SP500. Very strong. Compare also with the run up to 2007 top.






DOW. See the final blow out the last five months.








NAS









FTSE. Teh 8 MA will turn down on opening. To me it looks like the first index that will drop. Compare with 2007 top to the left.





DAX









SWED







Comments

The monthly, weekly and daily close last Friday for all indexes ended on down side on Oil prices drop. Many shale or fracking companies fell around 25 per cent.

All main indexes need to take new highs already next Monday. Otherwise there is a risk that the daily 8 MA starts to go sideways. And a close below this MA is very negative. A very interesting week starts Monday and US is back. I am always trying to find the final top in any trend. SP500 the most important index for all the others high is 2075.55. My target is 2100, only 25 points away, which can be hit by any rally. The fundamental situation is said to be that current price cannot go higher because the company reports are now priced in. We are only 18 days from X-mas and then starts 2015. A bull market seldom last more than six years. I am expecting to see where the big trends are going during December.

SP500 Monthly close.
The fith and last wave started exactly 2 years ago.
Dec 2012.

Compare the fifth wave with that of Gold below




GOLD monthly.









GOLD monthly with waves. All indexes except FTSE have got the same picture for the fifth wave. Gold finished with two blow out months. We are currently in the blow out stage for the indexes if you look at their monthly charts. If that is correct the time is in to take long term profits and prepare to short the indexes long term.


OIL and Russia

OIL closed at $ 66 Friday Nov 26, 2014. Russia's currency is rubel. This means that low oil prices are OK for Russian economy due to currency rates according to the finance minister. Price of oil is seeking a floor now and it will take some time to find it. A price of 90 is reasonable. The cost to pump one barrel is 4. Cheapest in the world. OPEC:s target is to get the Fracking industry disabled to take market share from OPEC. It will take time to get them into economic problems. The tecknical picture for Oil right now is down with a target of 63.


5 min. The close Friday.

28/11/2014

OIL 2hr chance to take and hold 69.50 does not have a support by 8 MA right now

2 hr

DOW day and 2 hr 17:14. Same situation for the DOW as with SP500 must take the top to keep momentum going.

Day









2 hr

SP500 hesitates to take a new high which it must to keep momentum going

Day

DAX month working with 951:89 where earlier top is. This will give a monthly double top if the close comes in at same point.

Month









15 min

OIL 2 hr 16:57 is in a very exciting situation. 69:50 must hold which is the last monthly support. Price now has a double top at 69:59 and trading at 69:00 just now.

2 hr

FTSE day and 2 hr 16:42

Day









2 hr

EURO day 16:36

Day

SWED day and 2 hr. Will 455 hold or not ?

Day









2 hr

SP500 day 16:07

Day

DAX day and 2 hr 16:04

Day









2 hr

DOW day 15:59

Day

OIL 2 hr 15:37 is up testing critical R/S 69:50 from below- the last support in the monthly trend

2 hr

DAX 2 hr 12:35

2 hr

HSI monthly close

Month







Week







Day

NIK monthly close

Month







Week







Day








SP500 2 hr 12:14

2 hr

DAX 15 min 12:10

15 min

SWED 11:03

Day









2 hr









15 min

NAS 10:41 Day and 2 hr

2 hr

DOW day 10:35

Day