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Index Recommended Levels

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Index Recommended Levels

Tue, Aug 19 2008, 04:17 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: - 11 425.76 and 11 382.18(main), where a delay and correction may happen. Break of the latter will give 11 363.60, where correction also can be. Then follows 11 641.40. Be there a strong impulse, we would see 11 311.90. Continuation will bring  11 289.37, 11 265.63 and 11 237.34.
Today’s resistance: -  11 522.40 and 11 546.02(main), where a delay and correction may happen. Break would bring 11 576.20, where a correction may happen. Then follows 11 593.13, where a delay and correction could also be. Be there a strong impulse, we’d see 11 611.38. Continuation would bring 11 656.00.

S&P500

Support: - 1272.10 and 1258.24(main). Break will give 1246.20, where correction could be. Then follows 1238.00, where correction could also be. Be there a strong impulse, we would see 1226.27. Continuation will lead to 1214.30.
Resistance: - 1293.77, 1305.00 and 1312.03(main), where a correction may happen. Break would result in 1319.06, where correction may be. Then 1327.50. Be there a strong impulse, we would see 1338.77. Continuation will lead to 1350.00.

NASDAQ

Support: - 2416.00, 2404.68 and 2385.00(main), break will give 2377.90, where correction could be. Then follows 2362.52, where correction could also be. Be there a strong impulse, we would see 2354.06. Continuation will lead to 2340.00.
Resistance: - 2432.81, 2455.30 and 2463.73(main), where a correction may happen. Break would result in 2477.81, where correction may be. Then 2491.86. Be there a strong impulse, we would see 2500.30. Continuation will give 2514.37.

GOLD

Support: - 780.37(main). Break of the latter will give 770.60, where a correction is possible. Then 757.96, where a correction is also possible. Be there a strong impulse, we would see 745.31. Continuation will bring 733.35 and 720.00.
Resistance: - 798.75, 805.37 and 811.50 (main), where a correction may happen. Break would bring 821.95, where a correction may also happen. Then follows 832.50. Be there a strong impulse, we’d see 860.63. Continuation would bring 877.70.

SILVER

Support: - 12.33 and 12.12(main). Break of the latter would give 14.18,  where correction may happen. Then  goes 14.04, where correction can also be. If a strong impulse, we would see 13.93. Continuation would give 13.68 and 13.52.
Resistance :  - 12.87 and 13.25(main), where correction is possible. Break will lead to 13.40, where again may be a correction. Then  follows 13.62. If a strong impulse, we would have 13.77. Continuation would give 13.94.



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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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