Looking at the major stock indices is a bit like a Tale of Two Cities with the US indices seeking gains this week whilst the others have mostly consolidated. Here’s how I’ve seen this play out on the 4hr charts:
ASX-200: consolidating under 5,800:
FTSE-100: also consolidating:
DAX-30: ditto on the Dax!
S&P500: gave a 30 point increase move so far this week but new trend lines are in place now:
DJIA: gave a 250+ point increase move so far this week but new trend line in place now:
NASDAQ-100: gave a 120 point increase move so far this week but new trend line in place now:
