ASX@5513 (+34) Come back 20 on futures since close of open market. In post GFC record area. In recent days 5500 has been new res. Still above EMA10, so still in up trend. At these levels I would not open long!
FTSE@6695 (+44) Been above EMA10 all week and long was predicted. BUT! last few days sideways. 6700 ish has been strong res. In up trend and mid range in recent trading. If you are looking for a punt you would go long.
DAX@9419 (-26) Had a rest last 3 days after a good run. Indicators are at "about to cross down" levels. My crystal ball looks like down to 9300 ish and then up. (now that is a prediction!!)
DOW@16391 (-25) Been up then down. Bit like DAX really. I think <16300 will be visited before rise. ( I am full of predictions this week)
S&P500@1866 (steady) Like DOW up then down. Finished on EMA10, but on the slide. Came back off res 1890 area. First support 1840, then 1820.
China50@7610 (-75) Down then sideways during the week. This shows some support 6700. Looks due for a pull back. 6600 next strong support. Mid range in recent trading.
AFL the lions had their first win so the "hopeful fan indicator" is a careful long. BEWARE! this is not a reliable indicator!
