Wednesday, July 22, 2009

Technical Analysis 22/07/2009 10 am Amsterdam S&P future at 947.5


The yellow line is the first big support @ 924( basically the range btw 919-929)
The blue and green lines mark the channel when the market went down for 4 consecutive weeks.
Instead of a reversal it turned out to be a correction. The channel support is around 910.
The orange line is the major Mid-term uptrend we have for almost 5 months now. The trend support is around 895 right now.
The red line is the HUGE support @ 870-880 range.

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