US report 5th November 2007


DOW & ES:-

US markets currently supported around higher timeframes 50%.

Major support has been verified but at this stage the short-term is weak. It’s trading below the 3-day lows and below the 3-week 50% levels.

Friday remained below the Risk levels, and currently Monday is trading below them.

The last time the market rose upwards, actually saw Monday push lower before reversing upwards…

Report continues below.....