Like the Dow Jones The existing structure on the S & P 500 that I perceived until recently was a figure of T-type E-E (left shoulder - head - right shoulder), a figure potentially very bearish. On September 9, the resistance zone diagonal E-T-S has been broken up and transformed by the negative voltage of the index in positive thrust upward, a tipping point had been reached.
In the short term area of 1.150 points should not be a strong cross resistance, then towards the previous peak from late April to 1.219 points.
By not using the full extension of the index changes, the next target prospective requirements for the S & P 500 is located at 1.279 points and fully extended the target area is the 1.309 points, either one way or another the creation of a new annual record.
Analysis of previous S & P 500
http://observateurtechniqueindices.blogspot.com/2010/04/standard-poors-500-16-avril. html
Claude Bordeleau
The observer technical analysis of stock markets
http://observateurtechniqueindices.blogspot.com/2010/04/standard-poors-500-16-avril. html
Claude Bordeleau
The observer technical analysis of stock markets
0 comments:
Post a Comment