DOW
The Dow Transports 7900 break below 8000 on Friday 21 August signaled the DOW Sell signal, with the Dow Industrials move to 16500, the next target will be 15500. Look for a short term bounce back to 17000 before a move to 15500 within the next 60 days.
DAX 10124
May test 10,00 on Monday. A retest of 10750 break could be seen short term. Downside target is 8500, another 16% downside.
FTSE 6187
May test 6100 on Monday 24 August before a bounce back to 6500-6600. Long term any break below 6100 will trigger a move to 5100-5300, a further 17% downside
SP500 1971
Looking for a bounce back to 2040, before a move down to 1800, another 9%.
The Dow Transports 7900 break below 8000 on Friday 21 August signaled the DOW Sell signal, with the Dow Industrials move to 16500, the next target will be 15500. Look for a short term bounce back to 17000 before a move to 15500 within the next 60 days.
DAX 10124
May test 10,00 on Monday. A retest of 10750 break could be seen short term. Downside target is 8500, another 16% downside.
FTSE 6187
May test 6100 on Monday 24 August before a bounce back to 6500-6600. Long term any break below 6100 will trigger a move to 5100-5300, a further 17% downside
SP500 1971
Looking for a bounce back to 2040, before a move down to 1800, another 9%.
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