Markets still in slowly upside December mood. The top formations are being broken nearly every day by sudden rallies. Thursday's German rally in DAX was a good example. However DAX got a Key Reversal on yesterdays bar which means that the high probably now has been seen at 10.089. From the drop bottom at 9.855 - very strong S line - DAX is now under way to find out how high it can go. 9.921 has been taken so far.
US indexes are important but currently sideways in slow trading awaiting the NEWS about the Employment situation at 14:30. This number use to move the markets. Until then the DAX and SWED are most important. Both indexes have the 2 hr trends down and strong R higher up in case of a rally on the employment figures. OIL is probably going to test my current target of 63 again. Turnover in the US stock markets has been very low so I expect a wake up at 14:30.
Ukraine crisis is under control by the markets and I see no big fundamental reasons to change the trends.
US indexes are important but currently sideways in slow trading awaiting the NEWS about the Employment situation at 14:30. This number use to move the markets. Until then the DAX and SWED are most important. Both indexes have the 2 hr trends down and strong R higher up in case of a rally on the employment figures. OIL is probably going to test my current target of 63 again. Turnover in the US stock markets has been very low so I expect a wake up at 14:30.
Ukraine crisis is under control by the markets and I see no big fundamental reasons to change the trends.
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