This blog is about how the world stock markets perform and which way they will take next.I have developed my own technical tools during 30 years to give the investor early warnings for coming big changes in the main trends and for the trader to take positions before the markets react. Click all charts.
02/07/2014
SP500 2 hr 08:15.Three bars in a row to take the new high at 978.49. But then a sharp drop by the next bar does not show strength in the rally. Support now at 973 is holding so far. The rally was a typical US computer rally to get short positions as high as possible. Now the trend is waiting for the 8 MA to go sideways at 10:00.
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