The first bars of trade on Wall Street may be a disappointment for those investors who several minutes ago were guided by quotations of contracts. The latter showed in fact a neutral start, while in the first minutes of the trading bears gain an advantage. The opening on the S&P500 was neutral but already in the first minutes of the session bears manage to bring the index below the minimum of yesterday's session, which naturally opens the way to a deeper decline.

The continues problem remains the underlying markets, which - as the DAX - cannot break away from the bottom of the session and still create downward pressure. Also, other emerging markets will end today's quotations strengthening correction signals from the last session.