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Index Recommended Levels

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Index Recommended Levels

Mon, Aug 25 2008, 04:09 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: - 11 542.3672  and 11 508.72(main), where a delay and correction may happen. Break of the latter will give 11 487.65, where correction also can be. Then follows 11 463.40. Be there a strong impulse, we would see 11 427.20. Continuation will bring  11 413.13 and 11 387.42.
Today’s resistance: - 11 666.28, 11 680.30 and 11 711.23 (main), where a delay and correction may happen. Break would bring 11 733.74, where a correction may happen. Then follows 11 745.36, where a delay and correction could also be. Be there a strong impulse, we’d see 11 773.13. Continuation would bring 11 787.17.

S&P500

Support: -  1288.40, 1283.00, 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: - 1305.00(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: - 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: - 2418.54(main), where a correction may happen. Break would result in 2430.00, where correction may be. Then 2441.30. Be there a strong impulse, we would see 2452.44. Continuation will give 2463.73 and 2477.81.

GOLD

Support: - 814.22 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: - 826.88, 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: - 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 :  - 13.36 and 13.59(main), where correction is possible. Break will lead to 13.77, where again may be a correction. Then  follows 13.92. If a strong impulse, we would have 14.04. Continuation would give 14.14.


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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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