OIL day 12:50.Breaks the triangle on upside. My target is 55 firstly.

Opec deal to hold back output for the first time since 8 years ago, is a long term buy signal.

SP500 2 hr 11:28. Trying to build bottom above 2108

2 hr

SP500 10:52, month, week, day and 2 hr. Fridays drop has gone further down and could become a trend changer to down. Goes for the DOW and NAS as well. NAsh also got a 16 year double top which is negative in my view.

Month

Week bar

Day bar

Day dot

2 hr bar

Week dot

My own view. Below are the big charts for SP500, SWED and NAS.

All indexes have the same pattern. Asia looks the same. It is enough to follow one index. Here are the ones I believe will show the way. My view is that the indices can go higher but sideways to down is most likely. SP500 2.193 high will not be attacked  unless 2.189 is closed above. If this becomes too difficult the main target is 2.155. In that case the trends can turn on downside if broken.

SP500 is very overbought and a correction down 700 points to 1.500 is possible. The world economy is moving sideways to down. The most important reason is there is too much debt everywhere. The US national debt is 18 billions and the pain accelerates at 21 billions and might cause the great depression to start. The downtrend can start soon or this depression can start latest 2.019. There is not much to invest in now. The trend is fundamentally already down. All markets are searching for a safe havens whether it is commodities, currencies, bonds or stocks. My advice is to hold Swedish kronor on internet account. A triple AAA economy.

NAS month, week and day.

Month from 2.000. Has been above the top with a few points but now holding below low top line.

Week

Day

SWED month, week, day and 2 hr.

Month since wave started 2008. Will trade between the MA:s

Week

Day

2 hr

SP500 1341, Sept 6, 2016. Month, week and day. No clear sign of next move. Question is if 2.193 was the high will a test of 2155 come or will another test of 2189 come.

DOW month since star 2009.

Dow month top

DOW Week large

Week long term top

Daily