The strong move of the first 30 minutes of trading was followed by a trendless market for the rest of the day. There’s a slight chance of a quick 0.50% gain or 9 S&P points.
The first support should be at the trending line followed by the 21 period ma. If the market can best the congestion area at 1840 there’s a working probability for the 1847 target. Last support is at 1828, if broken down, the trade must be exited.
Shalom everyone,
Technical Analysis of the Financials Markets, Support and Resistance Levels, Buying Pressure and Volatility Análisis técnico de los Mercados Financieros
Tuesday, January 7, 2014
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About Me
- Erick Stern
- I am a civil engineer who likes charts, to me, speculating in the markets is both a hobby and a second profession and in my view the stock market is the most honest environment, since it is only your knowledge and preparation that matters. I live, and work in the construction industry, in the Dominican Republic. I read and answer all my mail so please feel free to write sternloinaz@gmail.com Thanks, Erick
