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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Tuesday, January 17, 2012

S&P 500 is showing a weak trend. 2012.01.17

The H1 chart of S&P 500 Index shows a weaker momentum of the rising move started in December 19th.

The break of T1 trend line is definitely a bearish sign and T4 line is acting now as resistance. One of the previous analysis ( shows that the $1,280-$1,300 area is a resistance zone and the Elliott Wave analysis also states corrective wave 2 ending.

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