03/01/2015

All things considered

The US indices follow each other and here the SP500 trading around 2055 is of out most importance for next move. EUROPE indices are weaker and could easily start a down trend. The Euro is below critical 1.2100 and could fall to 1.1800 quickly with next S at 1.1600. If this happens - panic selling of the Euro - anything can happen. January will be a critical month with Greece election at Jan 22 among other things. OIL will have continued relevance and is still below 55. Next support is 47. ECB boss Draghi want to print money but Germany says no. No more help with money from the EU.

Much can happen from Monday morning and the whole week.

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