Index Recommended Levels

Index Recommended Levels

Wed, Aug 27 2008, 02:39 GMT
by Nikolajs Serikovs

FXtechtrade


Dow Jones :
Resistance(daily close)
: 11 520.30, 11 749.22, 11 970.00, 12 152.82, 12 600.24, 12 982.20, 13 162.50 and 13 320.00. Then 13 567.60, 13 668.74 и 13 792.53.   Break of the latter will lead to 13 972.50, 14 045.62, 14 124.38 and 14 225.63 (published on July 14, 2008).
Support(daily close): 11 036.25, 10 980.00, 10 930.78, 10 800.00 and 10 718.45. Then 10 535.60, 10 428.80, 10 313.44, 10 125.00 and 10 046.30. Break of the latter will lead to 9990.00, 9911.25, 9722.70, 9360.11, 9084.30 and 8910.20 (published on July 14, 2008).

Today’s support: - 11 363.00 and 11 336.47(main), where a delay and correction may happen. Break of the latter will give 11 317.47, where correction also can be. Then follows 11 283.74. Be there a strong impulse, we would see 11 261.20. Continuation will bring  11 238.40.
Today’s resistance: - 11 441.26 (main), where a delay and correction may happen. Break would bring 11 469.38, where a correction may happen. Then follows 11 497.46, where a delay and correction could also be. Be there a strong impulse, we’d see 11 523.50. Continuation would bring 11 545.20.

S&P500

Support: -  1258.24, 1246.20, 1238.00 and 1226.30(main). Break will give 1214.30, where correction could be. Then follows 1206.56, where correction could also be. Be there a strong impulse, we would see 1186.86. Continuation will lead to 1172.11.
Resistance: - 1276.88, 1281.79 and 1293.76(main), where a correction may happen. Break would result in 1305.00, where correction may be. Then 1319.06. Be there a strong impulse, we would see 1327.50. Continuation will lead to 1338.77 and 1350.00.

NASDAQ

Support: - 2340.00, 2328.38, 2303.44 and 2289.37(main), break will give 2273.00, where correction could be. Then follows 2261.26, where correction could also be. Be there a strong impulse, we would see 2252.80. Continuation will lead to 2229.00.
Resistance: - 2376.00 and 2390.63(main), where a correction may happen. Break would result in 2406.09, where correction may be. Then 2418.54. Be there a strong impulse, we would see 2430.00. Continuation will give 2442.30.

GOLD

Support: - 814.22, 810.00 и 802.96(main). Break of the latter will give 798.73, where a correction is possible. Then 787.46, where a correction is also possible. Be there a strong impulse, we would see 780.37. Continuation will bring 770.60.
Resistance: - 831.09, 835.31 and 846.50(main), where a correction may happen. Break would bring 854.12, where a correction may also happen. Then follows 860.63. Be there a strong impulse, we’d see 867.45. Continuation would bring 877.70.

SILVER

Support: - 13.33, 13.16 and 12.94(main). Break of the latter would give 12.74,  where correction may happen. Then  goes 12.57, where correction can also be. If a strong impulse, we would see 12.35. Continuation would give 12.16.
Resistance :  - 13.77(main), where correction is possible. Break will lead to 13.92, where again may be a correction. Then follows 14.04. If a strong impulse, we would have 14.14. Continuation would give 14.38.

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Legal disclaimer and risk disclosure

Any information presented by Nikolajs Serikovs at this very website should be in no way understood as an offer, promise or guarantee for receiving a profit or avoiding the losses. Stated here levels of support and resistance must not be construed as an investment advice or endorsement for any financial instrument. There exists no guarantee that the market would behave in accordance with the information stated here Prepared in Republic of Latvia for the worldwide distribution.

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