The S&P confirmed yesterday a very weak closing turning therefore below the 200 days line at 1262,08. A possible closing tonight below 1223,50 will confirm a top supporting a possible break of the key level at 1208,00!!
The indicators of the daily chart are in positive territory but at the line while those of the s/t ones are mixed at the moment.
Also for this index we’re seeing a rebound that already confirmed a retest of the 200 hours line at 1244,80. Only an hourly closing above this line will support higher levels.
The s/t scenery of this index is less negative that the European ones but still chances to see lower levels are great!!
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/11/SP500-11.10.pdf
FUTURE TREND RESEARCH