Sunday, May 17, 2009

18/05/2009 Pre Market

08.40am Amsterdam
S&P future is trading around 879. I think it is worth trying out a long position once the index goes to 870. There can be a further down move till 860-865 but eventually I think the market will go up at least to 890-900 once it hits those levels.

In case we see a close of 850-855,then 870-880 area is going to work as a big resistance once again.

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