As mentioned in my previous reviews, the Dow Jones seems to be an expandable pattern. The new year started on a negative note for equities. It was its first negative start since 2008. Close below 15,500 makes more weakness in the coming trading days.
DAX
German DAX seems to be in huge sideways pattern since 2000. DAX seems to have completed its top near 9,800. Now close below 8,800 will be an indication of a next leg downward towards 5,000.
The material has been provided by InstaForex Company – www.instaforex.com
DJIA
As mentioned in my previous reviews, the Dow Jones seems to be an expandable pattern. The new
year started on a negative note for equities. It was its first negative start since 2008. Close below 15,500 makes more weakness in the coming trading
days.
DAX
German DAX seems to be in huge sideways pattern since 2000. DAX seems to have completed its top near 9,800. Now close below 8,800 will
be an indication of a next leg downward towards 5,000.
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