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Index Recommended Levels

Fri, May 30 2008, 03:20 GMT
by Nikolajs Serikovs

FXtechtrade


Dow Jones :
Resistance(daily close)
: 13 567.60, 13 668.74 and 13 792.53. Then 13 972.50, 14 045.62, 14 124.38 and 14 225.63. Break of the latter will lead to 14 298.75, 14 414.06, 14 501.28 и 14 578.94.
Support(daily close): 13 395.94, 13 162.60, 13 038.74 and 12 937.40. Then 12 743.40, 12 652.03,  12 506.84, 12 397.40, 12 214.70, 12 116.25, 12 048.05, 11 913.40 и 11 864.53. Break of the latter will lead to 11 694.36, 11 593.13, 11 328.75 и 11 131.87 (published on May 18, 2007).

Today’s support: -  12 610.00 and 12 577.46(main), where a delay and correction may happen. Break of the latter will give 12 552.19, where correction also can be. Then follows 12 535.30. Be there a strong impulse, we would see 12 495.23. Continuation will bring 12 452.34.
Today’s resistance: - 12 735.17, 12 768.77 and 12 784.92(main), where a delay and correction may happen. Break would bring 12 813.81, where a correction may happen. Then follows 12 836.25, where a delay and correction could also be. Be there a strong impulse, we’d see 12 853.47. Continuation would bring 12 868.59.

S&P500

Support: -  1389.32, 1376.70 and 1373.00(main). Break will give 1364.06, where correction could be. Then follows 1350.11, where correction could also be. Be there a strong impulse, we would see 1338.56. Continuation will lead to 1328.20.
Resistance: - 1400.63, 1409.06 and 1418.90(main), where a correction may happen. Break would result in 1423.13, where correction may be. Then 1431.40. Be there a strong impulse, we would see 1437.19. Continuation will lead to 1446.64.

NASDAQ

Support: - 2497.60, 2475.00 and 2463.20(main),
break will give 2446.87, where correction could be. Then follows 2439.84, where correction could also be. Be there a strong impulse, we would see 2429.66. Continuation will lead to 2427.00.
Resistance: - 2527.03(main), where a correction may happen. Break would result in 2531.25, where correction may be. Then 2543.30. Be there a strong impulse, we would see 2556.57. Continuation will give 2667.82.

GOLD

Support: - 871.86(main).
Break of the latter will give 860.63, where a correction is possible. Then 845.25, where a correction is also possible. Be there a strong impulse, we would see 832.40. Continuation will bring 821.20.
Resistance: - 888.80, 897.17, 905.63 and 911.26(main), where a correction may happen. Break would bring 921.37, where a correction may also happen. Then follows 924.75. Be there a strong impulse, we’d see 932.60. Continuation would bring 939.60.

SILVER

Support: -  16.47  and 16.18(main).
Break of the latter would give 15.97 where correction may happen. Then  goes 15.76, where correction can also be. If a strong impulse, we would see 17.54. Continuation would give 15.40.
Resistance :  -  17.64 and 17.82 (main), where correction is possible. Break will lead to 17.96, where again may be a correction. Then  follows 18.18. If a strong impulse, we would have 18.27. Continuation would give 18.36.


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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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