Interest rates trend is down in the US and EU. The EURO and the SEK trends are down and gold is prepared to move on upside. Long term investors do not want to hold big positions where the currency trend is down. That is one reason that the US indexes are stronger.
Any of the US indexes will show how the long term trends are doing and the world will follow. DOW and SP500 weekly and monthly charts will tell when the 2009 bull market is over. A close below the 8 month MA is a big warning signal and a cross between 8 and 21 MA in the weekly trends is another warning. Here are the key charts week and month for DOW and SP500.
DOW month. July bar is a Key reversal indicating that the high at 17.150 will hold.
DOW week. No cross in sight.
SP500 month.
SP500 week. Same as DOW
These trends have so far only got a downside correction and the daily trends are up since the 8 MA has turned up. The big question is if 955 in SP500 will be taken and held or not and that we can only see on the daily and 2 hr charts.
Any of the US indexes will show how the long term trends are doing and the world will follow. DOW and SP500 weekly and monthly charts will tell when the 2009 bull market is over. A close below the 8 month MA is a big warning signal and a cross between 8 and 21 MA in the weekly trends is another warning. Here are the key charts week and month for DOW and SP500.
These trends have so far only got a downside correction and the daily trends are up since the 8 MA has turned up. The big question is if 955 in SP500 will be taken and held or not and that we can only see on the daily and 2 hr charts.
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