2018-05-20: Weekly update on OMXS30, SP500 and Euro/Dollar

The last week saw most major indexes strengthening. Likewise the dollar continued to gain on the euro and the yen. The cryptos have lost in value and are now trading around critical levels. OMXS30 What has happened? Things are beginning to brighten for OMXS30. This week began with a couple of tests of the 1952-level … Continue reading 2018-05-20: Weekly update on OMXS30, SP500 and Euro/Dollar

2018-05-06: Weekly update on OMX30, SP500, Euro/Dollar and the cryptos

OMX30 still appears trapped in a down-slopping trend. However, after the effectuation of the double bottom, whose second touch played out in April and the break out of the rectangular squeeze, we have been trading higher. At the moment price action is stuck just beneath the 1600-level, the upper band in the negative trend channel … Continue reading 2018-05-06: Weekly update on OMX30, SP500, Euro/Dollar and the cryptos

2018-05-03: Update on OMX30, SP500 and Investor

OMX30 Since early November, OMX 30 has been trending downwards. Since then we have had three, and we are touching upon the fourth, attempts to break out above the 1600-level. However, after two touches on the mighty resistance level around 1500 (the lower black line), price action has stabilised. Especially after the breakout through the … Continue reading 2018-05-03: Update on OMX30, SP500 and Investor