Yesterday at the U.S. stock market dominated by mixed sentiment among market participants.
So yesterday published the financial results of the bank Wells Fargo, whose earnings in quarter 2 increased by 81%. At the same time the profit of the bank Bank of New York Mellon fell by 43%.
Today, market participants pay attention to the number of applications for unemployment benefits, as well as the sale on the secondary market.
At the end of trading session, U.S. stock indices closed raznonapravleno /Dow Jones -0.38%, S P500 -0.05%, NASDAQ 0.53% /.
From the technical point of view, the Dow Jones index yesterday set a new maximum, thereby forming formation 8-11 new highs, which may be the bulls turning.
However, the Bears has not yet broken bottom beam, with the time schedule allowed the formation of the final diagonal triangle with the lower boundary in the vicinity of 8870 points and the top in the area of 8970 points.
At day schedule optimists see the potential the flag, which is 1200-1300 points. Nevertheless, we believe that the bulls also may fall into a trap, as the former bears, which lay in the realization of the figures' head and shoulders. Therefore, at best we will see the current correction to the growth of 8500-8600 points.
At the time schedule for the indicator MACD bear divergence. Indicator Stochastic's are on sale. During the afternoon schedule index Dow Jones is in the zone perekuplennosti.
C global wave point of view, we believe that the Dow Jones index is still at a formative stage in the global wave, which will edit all fall to 23.6% -38.2% -50% of Fibonacci to 9450-10400 counts. Perhaps the formation of double peaks.
For temporary factors rebound U.S. indices should be about 6-7 months after the 1.5-year decline.
So, at best, index Dow Jones has formed the first stage rebound within a subvolny. In the future, was the formation of the wave b, which consisted of zigzag abc, and it has been too short to reach only the range between the levels of 23.6% -38.2% by Fibonacci.
We can now see the final run up to 9400-9500 points in the wave with a large wave B.
Once complete the formation of a global wave, it will begin building a global wave C up to 2012 with the aim of 2550-3500 points.
Fig. 2. The index of Dow Jones - a temporary cut daily
Today, the demand in the first half of the day will benefit the paper commodity sector: Gazprom, Lukoil, Rosneft
Outside the background before the opening of the Russian sites is neutral: America closed neutral, Asia traded mostly up
Today is the opening bid on the Russian stock market expected to near previous closing levels
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