Monday, 23 September 2013

Video: E mini S & P reaction line analysis

We are looking at a possible test of 1690-1695 and a filling of last weeks gap. Support at 1695 from a horizontal supporting ML (see below) may well provide an important "tell" as to coming market direction .
The probability of  a serious retracement grows as this month draws on but we suspect any major topping out pattern to evolve slowly with one or more major formations above 1700.  Serious support lies at 1695, then 1687 and 1671

No comments:

Post a Comment