DOW, SP500 and NAS trends still strongly up but hesitation from DOW to take out the top to the left make me believe profit taking is underway. During the next 7 trading hours if the indexes stop where they are now the 8 MA will reach the bars and eventually start building a top formation. There are 2 hours left to close. Hopefully Thursdays trading will start at 00:00. Today the US indexes were 12 hours delayed.

DOW 2 hr 20:06

SP500 2 hr 20:07

NAS 2 hr 20:08

FTSE and SWED have taken 17 months high today. IBEX 9 months high and SP500 10 weeks high.

DOW, SP500 and NAS big jumps at opening and the first hour of trade in 2013 is over and the 2 hr charts below shows that the markets are calming down now trading below the middle of the years first bars.

DOW 2 hr 12:59

SP500 2 hr 12:59

NAS 2 hr 12:59

DOW, SP500 and NAS100 opens with huge gaps at 5,50 and 7 days high

DOW day 12:48

SP500 day 12.49

NAS day 12:50

IBEX open with gap at 10 months high

IBEX 2 hr 11:16

IBEX day 11:17

IBEX week 11:18

IBEX month 11:19

SWED opens with gap taking 10 months high

SWED 2 hr 11:03

SWED day 11:03

SWED week 11:04

SWED month 11:04

DAX opens with very big upside gaps

DAX 2 hr 10:45

DAX day 10:45

DAX week 10:46

DAX month 10:46