SP500 could not reach 2055 Friday so the index took out 2034, 2021, 2013 to close at 2002. All the other indexes followed the down trend and closed low. The daily trends are now down with cross from 8 and 21 MA. Worst off was FTSE. Look at the charts below. You will also see that most of the indices closed exactly at long term support lines or rising 8 week MA.
The opening on Monday will show if the down trends will continue or build bottoms. There is now a clear connection to the oil markets which started already on Thursday afternoon. Oil closed at a new low at 57.49 and below its last S line. Next support is 55.
OIL month Friday close
The opening on Monday will show if the down trends will continue or build bottoms. There is now a clear connection to the oil markets which started already on Thursday afternoon. Oil closed at a new low at 57.49 and below its last S line. Next support is 55.
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