Warning, Warning and Warning for a change in the long term trends to downside for FTSE, DOW especially, and SP500 and SWED. NAS and DAX does not have "death cross yet".. Since the DOW and FTSE have clear "death cross" my warnings have been done since the indexes use to follow each other.. The coming weeks will be of outmost importance..
SWED day close 28/8/2015. Will get a "death cross" on opening Monday. 50 MA will cross the 200 MA on downside
From 2012 to 2015 the red 50 MA has never crossed the 200 MA but now it has a few days ago. Moreover the 200 MA is down. So from now on this falling 50 MA will be main resistance for a while. Any rally should be stopped there. The down trend will look like the way up from 2012 regarding the waves. The only thing to watch for is the falling 200 MA. If it is down the big trend is down.