Since two days we are witnessing a correction on the SP500 and DAX Indexes.
At the moment the DAX Index showed a small discrepancy through which I can't definitely state that the correction is over. A significant level will be 61.8% or 8300 points.
A significant level of the SP500 Index will be permanently overcome the level of 1687 points which could mean the end of correction. On Monday, everything should be explained.
Both of these Indexes for two days characterized by a high correlation. This is clearly demonstrated in the graphs.
Have a nice weekend.
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| chart 1, SP500 futures, H4, 26-07-2013 |
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| chart 2, DAX futures, H4, 26-07-2013 |
regards,
oscarjp
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