Tuesday, December 7, 2010

State of the Market - Indices

The overall tape looks very bullish! The EUROSTOXX 50 managed to get back above the key 2800 retracement level so the next target is around 2900!
Also the US-Indices are showing strength (Futures) and everything looks like a breakout. One very important thing has to be added, the US-Indices must close above the breakout level.
At the S&P 500 this is around 1228. Even better would be a nice intraday action with a steadily uptrend throughout the day.

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