The SMI formed a negative day reversal on Friday remaining however still interior the positive outside day with 5710 – 5500 still the levels to follow in the coming hours.
The indicators of the daily chart are still in negative territory and this morning also those of the s/t ones are below the line supporting lower levels. An hourly closing below 5620 will support an extension of the decline confirming also a negative reversal in the hourly chart suggesting a s/t target at 5452!!
With a well bid EUR/CHF we expect this index to move higher outperforming the other markets!!
We remain on the sideline waiting for stronger signals while following the positive outside day.
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http://www.easyforexnews.net/wp-content/uploads/2011/11/SMI-11.07.pdf
FUTURE TREND RESEARCH