07:25am  ~  Back from a long weekend away and I shall be having a relaxing day here at home.  I will report if I have any trades during the day – I’ll glance at my MT4 charts now and then when I have a spare minute or two. First it’s a cycle ride out along the beach path before breakfast.

Just looked at the Dow Jones 30 index and while I’ve been away the chart has developed a strong reversal candle indicating there maybe a short move upwards in the next few days ( a situation mirrored with the S&P500 too) although worries over the Hong Kong demonstrations against the Chinese Government’s stand on a fair democratic process looks to be causing worries for traders all over the world. Overnight, Asian markets were hit with this sentiment also together with renewed fears of a slowdown in the Chinese economy which is also hitting commodity prices.

Here in the UK the London FTSE 100 has also formed a strong reversal candle on the daily chart so any move above the 6650 level may trigger a ‘long’ move up towards its major moving averages and on the downside there’s no really meaningful support until you get down to 6530 – more than a 100 pips away from where it is currently.

Over in Frankfurt, Germany’s main index – the Dax 30 – is firmly in downward trend and there is a clear run down to the near term support at 9000, it closed at 9422 yesterday and a hold in EU interest rates is already priced into the market ahead of the rate announcement on Thursday so there’s not much to be optimistic about unless ECB boss Mario Draghi pulls his finger out and eventually does something to boost the Eurozone’s economy.

Market Close Monday 29th Sept. 2014:  Dow Jones 30  -41.93 @ 17,071.22  S&P 500  -5.05 @ 1,977.80  NASDAQ  -6.54 @4,047.18  FTSE 100  -2.79 @ 6,646.60  DAX 30  -67.64 @ 9,422.91  CAC 40  -36.68 @ 4,358.07

Late Update - I have had intermittent broadband problems for most of the day which resulted in me abandoning any chart watching early this morning – it is now just past midnight and my internet access does seem to be back permanently now.