Downside remains hard to come by, as buyers stepped in again today to pull the Dow (first chart below) back from the brink. 11,470 is first support, with 11,400 below that, and upside resistance can be found at 11,525-11,533, 11,580-11,600, 11,640-11,670 and 11,722-11,750. The Nasdaq (second chart) has support at 2210 and 2200, and resistance is 2233, 2242 and 2262. The S&P (third chart) has solid support at 1310, with 1307 and 1300-1303 below that, and resistance is 1318-1320 and 1330. The two most important levels for Monday are probably 11,470 on the Dow and 1310 on the S&P, sloping support that the indexes have been trying to form the last few days. Bond yields (fourth chart) continue to price in a slowdown; it will be interesting to where that money goes when the trade unwinds.
The Big Picture | Eight lesson for Perplexed Perma-Bulls::
Jun 15, 2006 I found the analysis too simplistic. .. It was something to watch oil hang in there at $70 while everything was cratering.
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RBA, ECB, BOC, BOE Rate Decisions - Forex Trading, Currency ::
markets are back in full swing, can the dollar bulls hang on to recent appreciation? . Currency Technical Report · Technical Analysis Daily: USD/JPY
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INVEST BULLS: Indian Stocks, NSE & BSE Charts, Data Providers, EOD ::
Nikkei was down by 115 points and Hang seng was up by 300 points. Miscelleneous Softwares, Charting Softwares, Technical Analysis, Fundamental Analysis
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HardLine::
Keep your technical analysis simple: It's easy to build a complicated trading model In a Bull market be long or neutral, in a Bear market be short or
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Is the Bull Market Over? :: Equityrush :: Technical Analysis ::
What Is Technical Analysis? Discover the magic of this amazing technique; Tale Of Two Emerging MarketsAn investigation into the bull markets in Hang Seng
http://www.equityrush.com/Article1.htmlHOME |
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