25/09/2013

So far only FTSE got a falling 8 MA on the daily chart. But just below is the rising 21 MA which keep this index locked up at present. Despite the small movements the technical situation for all indexes is very tense and we might get a clear picture before the weekend were the markets will go next. There are market moving news every day the rest of the week at 14:30 in the US. The 2 hr trends are still down for most of the indexes but much can happen the last three days of this week. We also have the monthly close next Monday. The NIK and HSI seems both to be in double tops and if the trend turns down all main world indexes will follow in October which I still believe can be the month for downside. Gold and Silver are still holding above 1.300 and 21 but the long term trend is far from clear.


No comments:

Post a Comment