Where are the stock markets going now : DAX day 09:35.. So far the falling 50 MA gives resistance and is down. The more important 8 MA is up and must turn down for the up trend to change..The US indexes perform in the same way. However the 8 MA will start loosing momentum Friday. Above the 50 MA are the falling 100 and 200 MA. I am still waiting for a sign of trend change, so far the trend is up since the 8 MA is up.