日本語
Español
中文
Русский 
- New York 07:18
- London 12:18
- Barcelona 13:18
- Tokyo 21:18
- Sydney 23:18
Markets Chartist Technical Analysis
11
0
S&P & Mini Dow Jones
Thu, Oct 22 2009, 09:35 GMT
by Carol Harmer
S&P Dec Contract
S&P is finally breaking lower. There could be one hell of a correction now with the uptrend looking to be tested at 1032. This ties in with the 75% longer term retracement target of 1034. Now nearer to home, below 1073 leaves this under pressure for 1067/64. Here you should look to cover all short positions. Although this is going to go lower, it is safer to cover and re-sell a break of 1063.
Look to sell either then a break of 1063 or a move back to the break point of 1072/73. Below 1063 keeps the bias to the downside and sees this come lower for 1056/55. Once more all short positions are looking to be covered.
Now if this breaks 1073/72 and fails to make any further headway on the downside it should trade back to 1075/77 but this should be the top and you should re-instate shorts to here and only reverse above 1080.
Mini Dow Jones Dec Contract
Well it was poised to puke and it didn't let us down. Its hit target of 9866 and all shorts have been covered.
Now for today the pressure remains to the downside and this is still looking to come lower. You need to sell a bounce to the break point of 9943 or sell below 9830. A loss through 9830 will see this come lower for 9788 initially. Again cover all shorts. Look to sell a break below 9788. A loss through here keeps the pressure to the downside and sees this come lower for 9692. Once more cover all short positions. Re-sell then a break of 9690 for 9636/21.
Until these overbought indicators have eased in the Dow it is still a case for the near term future of selling into any short term strength. The only time this will not apply is if the market breaks through the highs of 1004/07... All bets would be off then and we would continue with the uptrend for 10060.
Published on Thu, Oct 22 2009, 09:53 GMT
Archive
- S&P 500 & Mini dow Jones
Published On Fri, Nov 20 2009, 10:21 GMT - FTSE
Published On Fri, Nov 20 2009, 07:45 GMT - FTSE
Published On Thu, Nov 19 2009, 07:57 GMT - Gold
Published On Wed, Nov 18 2009, 07:47 GMT - FTSE
Published On Wed, Nov 11 2009, 08:00 GMT
Charmer Charts.com
http://www.charmercharts.com/ | info@technicalanalysisreports.com
Legal disclaimer and risk disclosure
The research provided by Technicalanalysisreports.com and Charmer Charts is provided solely to enable clients to make their own investment decisions and does not constitute personal investment recommendations. No recommendations are made directly or indirectly by Technicalanalysisreports.com or Charmer Charts as to the merits or suitability of any investment decision or transaction that may result directly or indirectly from having viewed the technical analysis investment research. Customers are therefore urged to seek independent financial advice if they are in any doubt. The value of investments and the income derived from them can go down as well as up, and you may not get back the full amount you originally invested. Derivatives and foreign exchange trading are particularly high-risk, high-reward investment instruments and an investor may lose some or all of his or her original investment. Also, if you decide to acquire any investment denominated in a different currency you should note that changes in foreign exchange rates may have an adverse effect on the value, price and income of the investment in your own currency. Technicalanalysisreports.com or Charmer Charts shall not be liable for any direct or indirect, incidental or consequential loss or damage (including loss of profits, revenue or goodwill) arising from the use, inability to use, interruption or non-availability of the technical analysis investment research or any part of the research materials published or otherwise any loss of data on transmission, howsoever caused. Whilst the research material published is believed to be reliable and accurate, it is not independently verified. Accordingly, no representation or warranty is made or given by Technicalanalysisreports.com or Charmer Charts, its officers, agents or employees as to the accuracy or completeness of the same and no such person shall have liability for any inaccuracy in, or omission from, such materials.Related reports
Intraday Forex Technical Report - U.S. Update: More dollar corrections by FXstreet.com Independent Analyst Team
Fri, Nov 20 2009, 16:15 GMT
Weekly Market Commentary - The trend to lower interest rates continues by Mizuho Corporate Bank
Fri, Nov 20 2009, 15:48 GMT
Daily Market Report - There are indications that the market is reducing its exposure to risk by Wells Fargo Investments, LLC
Fri, Nov 20 2009, 15:19 GMT
Fundamental Currencies Comments - Dollar climbs vs. majors by ecPulse.com
Fri, Nov 20 2009, 15:15 GMT
Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Fri, Nov 20 2009, 14:22 GMT
eurusd, eurjpy, chfjpy, gbpusd, usdchf, stocks, gbpjpy, dowjones, usdjpy
View AllRelated content
Wall Street ends Friday in negative; Dollar with gains
FXstreet.com | Fri, Nov 20 2009, 22:14 GMT
Forex: EUR/USD ends week with moderate losses
FXstreet.com | Fri, Nov 20 2009, 21:27 GMT
ForexLive New York wrap-up: EUR/USD bounces after 1.4800 attack
Forex Live | Fri, Nov 20 2009, 20:58 GMT
Forex: GBP/USD fails to hold above 1.6500
FXstreet.com | Fri, Nov 20 2009, 20:35 GMT
Forex: EUR/USD rebounds at 1.4875 and falls to 1.4835
FXstreet.com | Fri, Nov 20 2009, 18:33 GMT
eurusd, eurjpy, chfjpy, gbpusd, usdchf, stocks, gbpjpy, dowjones, usdjpy
View All
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.