All indexes are still down. FTSE, DAX and SWED are at the break down lines and could easily make a big drop at any time. SP500. DOW and NAS are down as well but there is a bit down to the break down areas.
The European indexes have been in this situation before and has managed to hold and move on upside as you can see on the long charts. Friday should tell which way will be next. The US indexes move exactly together and have managed to make every second day a big rally day so far. Friday is a rally day and a competition between the big players and their computers. SP500 is the leader even for the EU indexes which can be seen clearly on the 5 min charts.
There are no new fundamental news from the US Friday but that does not matter in this computer competion. It is impossible to make a forecast for the next day and even the 2 hr charts can switch quickly. DOW has been up 270 points Wed and down again Thursday. This has happened at the end of earlier bull markets.
As soon as I can confirm the next move you will get it. I am following the markets as usual.The last two days have been meaningless to write about because of the wild swings.
The European indexes have been in this situation before and has managed to hold and move on upside as you can see on the long charts. Friday should tell which way will be next. The US indexes move exactly together and have managed to make every second day a big rally day so far. Friday is a rally day and a competition between the big players and their computers. SP500 is the leader even for the EU indexes which can be seen clearly on the 5 min charts.
There are no new fundamental news from the US Friday but that does not matter in this computer competion. It is impossible to make a forecast for the next day and even the 2 hr charts can switch quickly. DOW has been up 270 points Wed and down again Thursday. This has happened at the end of earlier bull markets.
As soon as I can confirm the next move you will get it. I am following the markets as usual.The last two days have been meaningless to write about because of the wild swings.
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