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The DAX Index shot higher on Tuesday, breaking above the resistance barrier at €15,500, followed by a break of the 50-day EMA at the €16,680 level, and closing at the very top of the massive meltdown candlestick from last week.
The NASDAQ 100 shot straight up in the air on Tuesday as fears of the omicron variant have abated.
The DAX Index rallied a bit on Monday to show signs of life as the 200-day EMA has stepped back into the picture.
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The NASDAQ 100 initially fell on Monday, but then bounced from the uptrend line that I have marked on the chart.
The S&P 500 was rather noisy on Monday, reaching to break above the 4600 level at one point.
The FTSE 100 went back and forth as we slammed into the 7200 level.
The CAC fell a bit on Friday, pulling back from the 50-day EMA as we continue to consolidate just above a major consolidation of support.
The S&P 500 plunged on Friday after the jobs number came in much lower than anticipated.
The NASDAQ 100 plunged lower during the Friday session as the jobs number came out.
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The NASDAQ 100 fell during trading initially on Thursday, only to turn around and show signs of strength again.
The German index continues to bounce around the 200 day EMA as we have seen a lot of consolidation in this general vicinity.
The S&P 500 has rallied significantly during the course of trading on Thursday to wipe out the losses from the Wednesday session.
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Sign up to get the latest market updates and free signals directly to your inbox.The NASDAQ 100 initially tried to rally on Wednesday but gave back the gains to crash back down towards the lows of the previous couple of days.
The FTSE 100 rallied significantly on Wednesday to break above the highs from the Tuesday candlestick.
The DAX initially rallied on Wednesday, but as you can see, we have struggled to get above the €15,500 level.