The bulls showed their strength with a late session rally, taking the S&P future up to 848.75.
As you can see in the daily chart, i drew a new trendline and as you can see in the bottom, the MACD with histogram gives the first signal of an overbought situation.
If some good news will come, it should come soon or we head to 790-800 support area breaking 825-830.
The market is trading around 845 right now. Today , there is the Germany IFO, US new home sales and durable goods orders figures which will have a significant effect on the market direction.
No comments:
Post a Comment