Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

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Wednesday, December 14, 2011

SP500 falling wedge pattern

The falling wedge could end up this short term correction .
RSI shows bullish divergence.
1208 level is strong support.
To sum up, there could be a very important entry level in this area (on the long side of course)
Theese are only fact to wach!!! The price action must confirm this sceanrio before you can buy SP500.

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