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Index Recommended Levels

Wed, Nov 5 2008, 08:30 GMT
by Nikolajs Serikovs

FXtechtrade  |  View company's profile


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Dow Jones :
Resistance(daily close) : 9382.12, 9744.26, 10 091.30, 10 935.23, 11 164.57, 344.92 and 11 520.30. Then 11 749.22, 11 970.00, 12 152.82, 12 600.24, 12 982.20, 13 162.50 and 13 320.00.   Break of the latter will lead to 13 567.60, 13 668.74 and 13 792.53 (published on October 21, 2008).
Support(daily close):  8912.62, 8827.27, 8642.60, 8403.77, 8257.46, 8100.00 and 7920.08. Then 7695.13, 7464.38, 7290.20 and 7177.50. Break of the latter will lead to 7020.34, 6817.50, 6783.72, 6660.11 and 6484.2220 (published on October 21, 2008).

Today’s support: - 9444.10, 9352.23, 9281.36 and  9200.00(main), where a delay and correction may happen. Break of the latter will give 9151.87 and 9112.46, where correction also can be. Then follows 9090.18. Be there a strong impulse, we would see 9036.80. Continuation will bring  8994.37 and 5932.42.
Today’s resistance: - 9542.10, 9585.00 and 9632.30(main), where a delay and correction may happen. Break would bring 9669.38, where a correction may happen. Then follows 9724.52, where a delay and correction could also be. Be there a strong impulse, we’d see 9743.40. Continuation would bring 9766.46 and 9768.67.

S&P500

Support: - 967.46, 956.22 and 945.00(main). Break will give 921.50, where correction could be. Then follows 894.40, where correction could also be. Be there a strong impulse, we would see 855.00. Continuation will lead to 832.30.
Resistance: - 1006.82 and 1012.46(main), where a correction may happen. Break would result in 1026.56, where correction may be. Then 1038.00. Be there a strong impulse, we would see 1048.07. Continuation will lead to 1057.46.

NASDAQ

Support: - 1687.70, 1671.00, 1662.14 and 1642.80 (main), break will give 1616.76, where correction could be. Then follows 1603.13, where correction could also be. Be there a strong impulse, we would see 1597.56. Continuation will lead to 1580.63.
Resistance: - 1731.88 and 1755.00(main), where a correction may happen. Break would result in 1764.22, where correction may be. Then 1777.43. Be there a strong impulse, we would see 1771.88. Continuation will give 1782.13.

GOLD

Support: - 737.00, 725.32, 717.19 and 708.73(main). Break of the latter will give 695.68, where a correction is possible. Then 680.63, where a correction is also possible. Be there a strong impulse, we would see 669.66. Continuation will bring 658.22.
Resistance: - 759.37 and 776.20(main), where a correction may happen. Break would bring 787.50, where a correction may also happen. Then follows 798.60. Be there a strong impulse, we’d see 810.11. Continuation would bring 828.27.

SILVER

Support: - 9.70, 9.52, 9.21 and 9.40(main). Break of the latter would give 8.91,  where correction may happen. Then  goes 8.66, where correction can also be. If a strong impulse, we would see 8.50. Continuation would give 8.28.
Resistance :  - 10.32 and 10.44(main), where correction is possible. Break will lead to 10.53, where again may be a correction. Then  follows 10.72. If a strong impulse, we would have 11.00. Continuation would give 11.18.


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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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