MIB Italy made a huge gap on downside after last night's election

MIB Italy day 12:17

DOW 1 hr trend is up supported by the rising 8 MA. The 21 MA is coming closer.

DOW 1 hr 12:08

DOW month top Monday reached 14.081 only 112.5 points below the all time high at 14.193.5

DOW month 11:40

I have never thought that the Dow would take a new all time high but technically the 8 MA must turn down for a bear market to start. The support for a higher 8 MA the next three months is very strong. That means either a higher or sideways trend until May. Look at 2007 top formation and compare current single bar. DOW must get below 13.000 for the 8 MA to turn down during March.

DOW is above first R line in 2 hr diagram and the falling 8 MA will soon lose momentum on downside. The daily chart shows very small movements so far.

DOW day 11:08

DOW 2 hr 11:09

EURO day is holding between S and R lines

EURO day 09:39

EURO 2 hr 09:40

SP500 day is down but no a cross yet. Is building bottom to test first R line

SP500 day 09:30

SP500 2 hr 09:30

DAX trend is down and R line is probably first target

DAX day 09:25