13/12/2011

EURO and all stock indices but FTSE and SWED take new December lows at Tuesdays close in the U.S.

All stock indexes moved up during Asia, Europe and US trading until CET 20:15 when the Fed's report was published saying no changes in policy now. DOW and SP500 fell sharply down to new December lows and closed a bit higher but still the lowest close of the month. All European indexes took new lows as well. Only SWED and FTSE held up.
The EURO took a new 11 month low on close at 1.3029. Next resistance point is 1.2907.
The 2 hour trends are down every where and I expect new lows Wednesday.

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