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.

Search This Blog

Wednesday, January 11, 2012

S&P 500 Technical Analysis 2012.01.11

S&P returned now to $1,282 support which was previously the main short term resistance.

Remember that the price is currently evolving in a final wave that will eventually lead to the end of wave 2. For a bigger picture of the market check yesterday’s analysis (http://markettechnicalview.blogspot.com/2012/01/where-is-s-500-heading-now.html).

The main focus will remain today on the $1,282 level: a break-down of the support will signal bearishness for the next days and bulls support will probably lead to new highs. 



Posted by Adrian Filip at 2:43 PM
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)