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, February 1, 2012

S&P 500 dirrection for the next days. 2012.02.01

This is an update of the previous analysis on S&P 500 Index ( that focused on the bearish pattern in progress (break-retest-continuation).

The current resistance area is between the $1,310-$1,315 levels and the T1 trend line. The first support is in the $1,300 area and an eventual break below it will confirm the further bearish outlook.

The start of the session and the end of the session will be very important in defining the investors sentiment. 

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