FTSE,DAX and SWED all have the daily trend down and the 2 hr trend up.FIB 61.8 is not taken and if the 2 hr trend turns down then a big correction is likely.
SP500, DOW and NAS are still in up trends in all charts and new highs are taken. Most interesting is SP500 which has not taken its high 984.80 yet and has fallen in Asia this morning which makes the 2 hr trend look like a top formation is being built.
Short term forecast are difficult with only computers in this summer market.
SP500, DOW and NAS are still in up trends in all charts and new highs are taken. Most interesting is SP500 which has not taken its high 984.80 yet and has fallen in Asia this morning which makes the 2 hr trend look like a top formation is being built.
Short term forecast are difficult with only computers in this summer market.
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