Thursday
Jan 08th
Is the rise over?
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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