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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Friday, May 18, 2012

S&P 500 Analysis. 2012.05.18

This is the daily chart of the S&P 500 Index which shows the small distance until the H&S target at $1,292.

The previous analysis starting from early April suggested a bear correction high probability in spite of good earnings results but the brake and retest of the neck line (the purple trend line) from last week set a clear target zone in the $1,292 area (

The German DAX index recovered today some of the lost territory of last night and this could improve the market sentiment for the US session. However, the $1,292 still stands as a target for the short term.


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