Stock indices: tale of Two Cities!: TC

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:

ASX2004hr

FTSE-100: also consolidating:

FTSE4hr

DAX-30: ditto on the Dax!

Dax4hr

S&P500: gave a 30 point increase move so far this week but new trend lines are in place now:

S&P4hr

S&P4hr2jpg

DJIA: gave a 250+ point increase move so far this week but new trend line in place now:

DJIA4hrDJIA4hr2

NASDAQ-100: gave a 120 point increase move so far this week but new trend line in place now:

NASDAQ4hrNASDAQ4hr2

 

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