Monday, June 1, 2009

02/06/2009 pre market

08.45 am Amsterdam

S&P future is trading around 936, the high was around 944 yesterday. This doesnt count as breaking the resistance. But still, MACD(12.26.9) in the daily chart showing early signs of 'buy again'.

The market is strong, but I prefer to wait on the sidelines for now. Another point discussed around is that a lot of investors are waiting for a better level to get into the market , and this creates a huge protection(support) to the downside. We will see.

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