02/02/2012

Main indexes losing daily uptrend momentum. Difficulties to take out critical resistance points.

The weekly strong resistance points have held for 9 days so far while DOW has moved sideways trying to pop up now and then to make a daily close above 12.810. Time is slowly running out and the daily trends are now sideways.

SP500 is in the same situation with the important 1.331 resistance point. DAX has today tried its resistance point at 6.639 but  not managed to hold up. FTSE must take 5.804 soon and SWED must get a weekly close above 1.054 for the uptrend to continue.



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