SP500 new high at 2005.00. Time now 06:35

Day

2 hr

EURO now close to main S at 1.3103. A break below can start a big drop to next S line.

Week

FTSE, DAX and SWED close Monday

FTSE

DAX

SWED

SP500, DOW and NAS closed at 19:00 around the same points as on Friday. These indexes opens again Tues 00:00

The Labour Day today is a US holiday. It is always Sept 1. The day after Labour day Sept 2, 1929 the DOW took its last all time high at 386. Two months later Nov 29, 1929 the Dow had lost 50 per cent of its value at 195. It took 26 years to get above 386 again.

In four hours it is Sept 2, again and likely a new all time high. Will that be the high for the next 26 years also?. A fundamental reason Sept 4 for not go higher again could be Ukraine. No serious thoughts of mine.

Above is the DOW at close Labour Day

SWED 2 hr 15:24

2 hr

DAX 1 hr 15:03

1 hr

DAX all charts 13:58.

Month

Week

Day. 50 MA is the key coming down strongly and has only a few days left before crossing 200 MA a classical bear market sign.

2 hr