Wednesday's trading on Wall Street ended with increases of the major indexes. The S&P500 has set a session peak about 17:00 and in the following hours rather sought consolidation and correction of the morning strength than continuation. The current valuation of the contract for the S&P500 allows the thesis that the opening of indexes in Europe will be downward, but the scale of price reductions should be relatively modest compare to yesterday increases.
Investors are waiting for data from the US labor market, the first Friday of the month is a monthly report of the US Department of Labor. Its importance should also have raw material market that morning overestimates oil and copper, which makes it difficult to continue yesterday's stock exchanges increases. It therefore seems reasonable to assume that on Thursday the world would rather strengthen the day of correction and will wait for Friday's data. For the calm scenario will contribute ending today the month and the quarter, when transactions are usually associated with attempts to improve the results by institutional investors.
Given the importance of resistance in the area of 2,000 points and the fact that the March boosters the WIG20 index already nearly to 10 percent, it's hard not to think of a correction. The market is locally bought, which indicate many technical analysis tools.