Market indices 20/50 dma - UK, US and Eurostoxx - update 17

If you have been following the regular updates posted here regarding these 20/50 dma crossovers, I don't think there is much to add to what the charts are saying accept that the trend is clearly up on all of them. Bears looking for a short need to be careful of any fall where the price bounces off and respects these dma's. I suspect a degree of profit taking soon and then we may well be faced with the question of how long this trend can last.  

Historically, the last quarter of the year, especially in the run up to the new year does tend to be more positive than negative, so as we are now into August and we have already had an extended summer rally, it will be interesting to see if we get a down move into autumn that takes us into the usual winter, Santa rally.  That, thankfully, is still some way off.

FTSE100

TechMARK

Eurostoxx 50

Dow

S&P 500