We didn’t have to wait long for realization of Evening Star patter, about which I wrote on Monday. American investors after Friday’s job report started selling stocks on Monday’s session. Decreases started before regular session on futures. S&P500 future in pair with oil started strong bearish move. We have to take a notice that on Wednesday Janet Yellen will announce half-year report in front of government’s commission. Current decreases on stocks surely will be one of the topics so we have to listen carefully.
All European indices lost on Monday some value. French CAC40 -3.20%, German DAX -3.30%, German TECDAX -5.81%. All DAX companies lost some value, the most Deutsche Bank -9.50%, Commerzbank -9.49%. 12 companies lost more than 4%! American indices gained a little in the end of session but the score for S&P500 -1.42% and NASDAQ -1.82% do not give any optimism.
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Move in direction of 8,400 pts is getting more probable. On Monday bulls couldn’t defend support at 9,000 pts and daily bearish candle had the biggest volume in over a month. The closest support is at 8,900 pts and another at 8,700 pts. The closest resistances are 9,000 pts, 9,300 pts.
