Mower's short cuts.
ASX@ 5405 (-65) Been on fall all week. No big moves . Friday touched and bounced off the R&S line about 5380. Still side channel trending.
FTSE @ 6774 (-103)Been on fall as well. Friday saw the big drop through EMA lines. This came off 3 failed attempts to break res @6860.This often brings a fall.
DAX @ 9906 (-114) Been falling but not to the same extent as those 2 above. Close was on EMA20. Last 2 to 3 months sees 5 higher highs! Having a breather. On short watch perhaps.
DOW@16771 (-173) Very similar to DAX. Having a breather, to early to call short. Closed on EMA20, but MACD has crossed down. Last week I wrote "Close was 100>EMA10. When this happens it often has a little rest back to that line." So far so good.
That is enough to watch.
Cheers all and good trading
Mower
