Yesterday at the U.S. stock market once again dominated optimistic mood among market participants on the background of the publication of good financial results, as well as the expectations of the completion of a recession.

Also yesterday published data on the number of applications for unemployment benefits, which have dramatically declined by 47 thousand, which was better than the expectations of experts.

Today, market participants pay attention to the publication of data on the construction.

At the end of trading session, U.S. stock indices closed in the black /Dow Jones 1.1%, S P500 0.86%, NASDAQ 1.18% /.

From the technical point of view, the Dow Jones index yesterday continued its upward movement, in spite of the significant perekuplennost. In addition, the Dow Jones index broke down mid-term trend in the region of 8600 points. Nevertheless, in our view, it is worth asking why the bulls as oshparennye so sharply drag indices up?

So, before Dow Jones index broke the upper boundary formation flag in the region of 8400 points, but yesterday, bulls test medium-term down trend in the region of 8600 points. The potential of the flag of 1200-1300 points. Perhaps the formation of double peaks.

At the time schedule for the indicator MACD bear divergence. Stochastic's indicator is in the purchase, and it is in the zone perekuplennosti.

At day schedule index Dow Jones bulls have already withdrawn all pereprodannost and now are in the area perekuplennosti.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 V. However, the bulls should be held weekly fractal for purchase at around 8875.81 points. Do not be ruled out, as we'll see a more complex correction.

Once complete the formation of a global wave, it will begin building a globalwave C up to 2012 with the aim of 2550-3500 points.

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