All the worlds main stockmarkets are down. So far the US and European indexes are down about 10 percent which is called correction and happens now and then in a long uptrends. But US closed at the bottom again which points to further drop Monday. The US indexes open at 00:00 and that opening will be the first sign for the day. Next is Asia and especially China with Shanghai comp. index which might test 3.400, a strong resistance. Next is Europe from 08:00 with DAX and FTSE which will give us further information.
The next six days are crucial for the indexes and the monthly close Monday 31 August will give a clear signal about the long trends.
The next six days are crucial for the indexes and the monthly close Monday 31 August will give a clear signal about the long trends.
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