Wednesday, May 13, 2009

14/05/2009 Pre Market


08.25am Amsterdam

S&P future is trading around 885. It is very likely that the market will test the 870-880 support.

At the very bottom of the daily chart, there is the MACD where the lines cross for the first time since 12th of March. This is a sign that short term bull skew is over.

I expect a buyback from 870-880 till 900-909, and if it happens, it will be a nice level to get out for now.

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