SP500, DOW and NAS looks exactly the same. It could actually be the same chart. Compare the 2 hr. That means that any of these chart now show the same hour by hour. I have chosen to follow SP500.

SP500 made a bear trap Thursday afternoon by first making a big drop and from that low start a very strong rally and closed 945. Asia has lifted the trend to 949 area where is has stayed since 04:00. The 2 hr chart is now most important to follow. The current price is leaning against the falling 21 MA And the 8 MA below is sideways but will start to move on upside around 10:00. The 21 MA will get further down about one point every 2 hour until mid day. It is Friday and today's close is very important and must come in above 955 to keep the long term up trend in place.

The European charts are following the US indexes. Only FTSE has traded since 02:00 and gives a little lead what will happen when Europe starts trading. Especially SWED, which closed down at bottom 17:30 before the real rally started in the US, might open on upside.