The US stock indexes made a very strong performance last Friday after 17:00 until close. See details below on SP500 today at the bottom. 755 was broken on upside and the weekly close was a new all time high at 759. Next target is 789 if 755 holds. A very interesting week starts already Monday at opening 00.00.
The weekly trend for the US and German 10 year bonds broke on upside which means the yield broke on downside. The Euro broke the weekly trend on upside which means the dollar is falling sharply. Better than expected company results for last quarter and no negative news was also behind the stocks strong performance and I think it will continue. See all indexes for details.
Japan and China are at the edge of a big drop and the first question is if Europe and the US markets will stop that expected drop Monday or not. It starts already at 00:00 with US traders until 02:00 when Japan opens and the China at 03:00.
The weekly trend for the US and German 10 year bonds broke on upside which means the yield broke on downside. The Euro broke the weekly trend on upside which means the dollar is falling sharply. Better than expected company results for last quarter and no negative news was also behind the stocks strong performance and I think it will continue. See all indexes for details.
Japan and China are at the edge of a big drop and the first question is if Europe and the US markets will stop that expected drop Monday or not. It starts already at 00:00 with US traders until 02:00 when Japan opens and the China at 03:00.
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