Tuesday, April 14, 2009

15/04/2009 Market analysis


Due to the disappointing Retail Sales report the markets went down yesterday.

Today there are important figures concerning the production in US.

In the hourly chart, I drew a nice trendline and the support I have been talking about which I also marked in the daily/weekly charts previously.

The sell off was not really convincing, it is typical sideways right now, waiting for more news/figures for a move.

No comments:

Post a Comment