All US indexes open on downside with a gap. Here is DOW and NAS 15 min. 00:16

DOW

NAS

SP500 opens with a gap on downside 00:10

Day

15 min

All things considered

The US indices follow each other and here the SP500 trading around 2055 is of out most importance for next move. EUROPE indices are weaker and could easily start a down trend. The Euro is below critical 1.2100 and could fall to 1.1800 quickly with next S at 1.1600. If this happens - panic selling of the Euro - anything can happen. January will be a critical month with Greece election at Jan 22 among other things. OIL will have continued relevance and is still below 55. Next support is 47. ECB boss Draghi want to print money but Germany says no. No more help with money from the EU.

Much can happen from Monday morning and the whole week.

SWED Jan 2

Month bar

Month dot

Week

Week line. Says that the peek has be reached at the channel top.

Day. 8 MA will rise further after the cross.

2 hr. This is clear. The trend is down after cross. Could be start of a bigger correction

DAX Jan 2

Month

Month dot

Week

Day. This is interesting because the 21 MA is down holding the close below but the 8 MA will open on upside.

2 hr. DAX open 08:00 AM and that will show if there will a test on downside or upside.

DOW Jan 2

Month. No weakness. A sudden drop down to 8 MA is possible

Week

Day. The 8 MA will turn down on Monday opening and will continue to fall the whole week. Means that upside rallies most likely will be stopped by the MA.

2 hr. Trend down

SP500 Jan 2

Month. This trend is unchanged by Dec close. The blue 8 MA is steadily up and will stop any drop - if the price falls below a rising 8 MA it will jump back up again.

Month line. No signs of weakness yet.

Week. If 2055 cannot be taken back and held then a drop to the green 21 MA is possible

Day dot.Closed exactly on .R/S line 2053. The low between the double tops is 2053 as well so here comes a test from above. The 21 MA is falling and does not give support.

2 hr. The last 8 hours the price 2055 has been traded and will continue Monday.