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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Monday, February 6, 2012

S&P 500 Technical Analysis bullish channel

S&P 500 index is still evolving in bullish channel and the good NFP report of Friday lead to the market surge up to the T2 resistance line.

Further on, all the traders seem to be focused on the Greek debt plans talks and an eventual more clear statement will definitely move the market.

The most important support zone for the future days is between the $1,322-1,328 levels, immediately followed by the T1 trend line.

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