Increasingly positive sentiment of core European markets helped reach the area of 1913 points for the Warsaw WIG20. WIG20 peaked today at the highest level since the beginning of December and the highest level year to date.
As we approach the opening of Wall Street, moods in Europe were getting better and the DAX with an increase of 3 percent, approaching the level of resistance breached yesterday.
Wall Street began the sessions in gains, which was signaled by the trading of contracts on major US indices. Looking at the charts, we see that the indices S&P500 and DJIA caught shortness of breath at the psychological resistance - respectively - 2000 and 17000 points. Today's session in the US will determine whether the S&P500 decline in over a week or it will be another success round for the bulls.