DOW will not show strength until 12.488.3 and 12.611 is taken out. SP500 must take out1.319.59 and 1.334.71 to convince me that strength has returned to the index.
Any hesitation to take these levels could be the beginning of a turning point down again. DAX need to take out 6.220.46 to show the first sign of strength.
I see the rally so far as an oversold correction with intervention in the US by short covering big traders. Today and Friday will show how strong the indexes really are.
FTSE has been closed Monday and Tuesday and Wednesdays close does not give enough information what will be next this week.
Any hesitation to take these levels could be the beginning of a turning point down again. DAX need to take out 6.220.46 to show the first sign of strength.
I see the rally so far as an oversold correction with intervention in the US by short covering big traders. Today and Friday will show how strong the indexes really are.
FTSE has been closed Monday and Tuesday and Wednesdays close does not give enough information what will be next this week.
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