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Is the rise over?

07-04-2008

S&P500 future touched again today the upper part of the red horizontal channel and bounced back towards below the opening level. Technically this situation is very interesting. Can this be the beginning of a new fall that will bring again the S&P500 to 1300?

The rise of last days shows that a great numbers of investors are at the window waiting to see what will happen next. Volumes were incredibly low last week and the rise was fuelled by few so could the rise seen so far be fake?

Support 1347.50 and 1312. Resistance 1389 and 1400.

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Is the rise over?

07-04-2008

S&P500 future touched again today the upper part of the red horizontal channel and bounced back towards below the opening level. Technically this situation is very interesting. Can...
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Market overview

31-03-2008

Making an accurate forecast on where the market will move in the next days is not an easy task. Last week we have assisted to a low volume trading, with undefined movements and uncertainty. We...
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