Stockmarket Trends Turns Up

Stockmarkets worldwide now look much stronger. Most trends are up and now it looks like they will stay mostly upwards. I´ll buy on dips. Stoploss on COMP if we go below 2700.

Will we break down?

We have tested the support at NASDAQ Composite(COMP) 2600 level and are now testing a resistance level at 2700. If we manage to break that resistance we have a new resistance area around 2724-2750 and 2800-2840. But, it looks like there is a high risk that we sooner or later will break downwards, below 2600, and test the support around 2450-2500. Be cautious...

Stockmarkets Hesitate

Meanwhile the long stocktrend still is up, the shorter trends hesitate more and more. On COMP, now at 2740, we have a resistance level around 2840. Right now though, it seems that the risk is much higher that we first go down and test the support levels around 2600 and 2500 before we break upwards.