Thursday, March 11, 2010

SPX, NDX and Dax Daily Market Thought 12032010

SPX

Bullish view

Short-term view Above 1095 "daily chart" and 1132 "hourly chart" nothing new next resistance 1162 and 1174.

Medium term Above 1095 daily chart expect coming months target between [1200,1220]

Bearish view

Short-term Close below 1132 expect 1123 possible extension to 1117

DAX

Bullish View

Short-term above 5650 "daily chart" and 5858 "hourly chart" nothing new Head shoulders underway Target Head shoulders 6050 follow this scenario above 5740 next resistance 5964.

Medium term above 5650 expect coming months target between [6250,6400]

Bearish view

Short-term close 5858 expect 5740 possible extension to 5650

NDX

Bullish View

Short-term Above 1865 "daily chart" and 1895 "hourly chart" nothing new next resistance 1940 and 1970.

Medium- term above 1865 expect coming months target between [2130,2170]

Bearish View

Short-term close hourly below 1895 expect test 1865.

Note: All this indexes above support area only can expect test resistances areas/targets.

Good luck… sorry no chart today.


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