27/07/2014

The daily charts start to look increasingly unstable so now it is time to scrutinise the weekly trends. Here are all the weekly charts by last Friday

SP500. Four weeks without a closing high.







DOW. The fifth and last wave has now reached a point where we got Minuette movements signaling the end is not far away. It could actually come very soon



NAS. This index is different to the others but here the trend is overly steep.






FTSE must take a new high next week to keep the upside momentum in place.






DAX. Got strong support where it is right now. A drop below earlier three tops is dangerous.




SWED. Still holding up well but must get a new high very soon. Right now it is a triple top.

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