(click the image for a closer look)08.45am Amsterdam
Not surprisingly, market rallied up to 870 before the close, and sold off to 865. At the moment S&P is trading around 857 right before the European Open.
Today we have Citibank and GE figures which will shape the direction of today. 870 is a strong level for S&P, and dow has problems breaking 8040-8060. We will see how the price action develops today.
In the weekly chart, I marked a new level which is 970, which is the 50% retracement of the november sell off which is nicely fitting the other candles.
Overall , the sentiment is still bullish.
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