Where are the stock markets going now : SP500 has now reached my target with a low at 655.89. I expect continued bottom building above this area. As I said yesterday - if 689 cannot be taken back the target will be 655. If broken on downside 634 will be next. As the market has looked for the last 11 hours no big things will happen soon. I will come back later if something special would happen. Here are the charts at 10:42 day and 2 hr for SP500 and the DOW

16/08/2013

SP500 has now reached my target with a low at 655.89. I expect continued bottom building above this area. As I said yesterday - if 689 cannot be taken back the target will be 655. If broken on downside 634 will be next. As the market has looked for the last 11 hours no big things will happen soon. I will come back later if something special would happen. Here are the charts at 10:42 day and 2 hr for SP500 and the DOW

SP500 day

DOW day

SP500 2 hr

DOW line 2 hr

DOW bar 2 hr

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