DAX - Daily Market Thought 15052010

This picture for now suggests that a temporary top is formed >> Below 6276.
Last friday test first suport area [6050,6070].
If close below friday lows(6056), expect more damage target short term 5900 possible extension to 5750.
Resistance: and 6420,6350,6265 / Suport:6050,5767,5300
Click to zoom in. Enjoy your weekend..

DAX - Daily Market Thought 15052010

Dow Jones - Daily Market Thought 15052010

Last Cross EMA Bullish.MACD Last singal - SELL ( 27/4/2010)
Bearish divergence last high need confirmation with close below 10942( this is part of last update)
Last week begin with a nice reaction after test EMA 200 but the last key number short-term(10942) "kill" market again.
Short-term below 10942 (Daily chart) expect new attack/test EMA200 and trend, both range [10100,10256].
10942 Key number to follow so if close daily above expect new highs > 11700.

Dow Jones - Daily Market Thought 15052010

CAC Weekly Market Thought 15052010

Weekly Outlook suggests that a temporary top is formed.
We can ignore bearish divergence last high so below 3820 expext new week target 3260 possible extension to 4078. Click to zoom in. Enjoy your weekend

CAC Weekly Market Thought 15052010

SPX Market Thought 17052010

Click to zoom in. Enjoy your weekend folks. More updates soon.

SPX Market Thought 17052010

SPX - Daily Market Thought 14052010

Big sell last week but for now market hold again ema200 around 1100 area,
Last two session test first resistance area [1172,1175]
Second resistance between [1182,1185]
Stay alert if close hourly below 1145 can target 1122 possible extension to 1110.
Click to zoom in. Good luck Folks..

SPX - Daily Market Thought 14052010