Friday 3 May 2013

Auch... any bears?

S&P smashed through the broken blue support and the orange channel which was apparently a bull flag. Now it stands at the cross section of two different resistances, the green and red channel, which indicates 1620 as a major resistance level. There is not a single bear left in the entire world today.


The news related action on Euro gave false alarms for the bears. There is still a chance for them if it breaks down the 1.3050 level.
 

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