The American market was closed last night for the President's Day Holiday. (No, not Obama, Washington.) Following the Australian lead, the London market (FTSE100) was down -1.12%. As shown above, the London market is close to moving into bearish territory. The daily candle is below the 13-Day Moving Average. Both the MACD Histogram and the Directional Index Histogram are close to moving below Zero. The RSI is just above its mid-line.
Germany (DAX) was down -1.41%, while France (CAC) was down -1.44%. Both of these indices are coming off higher levels than the FTSE so the indicators are not quite as negative.
Gold in Ozzie Dollars had a good night, up nearly +2%. Oz Gold had a double whammy with the price of gold in U.S. Dollars rising sharply and the Ozzie Dollar falling over -0.5%.
Today? Dunno. Probably flat - unless something very dramatic happens in the Middle East. Ozzie Futures are currently up three points.
Good luck
Red
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