Saturday, August 21, 2010

SPX - Bullish and Bearish Scenario for next Weeks.

Scenario Bullish Head Soulders possible.

Market need hold 1064 or 1042 and close above resistance range [1123,1130].
Close above 1130 weekly chart target 1246.
Scenario Bearish Wedge and Head Soulders 60 minutes chart possible.
Market don`t have momentum to break [1123,1130] area, reversal and break last sessions wedge and head shoulders 60 minutes chart.
Continuation downside moviment will give us 1064,1042 and 1020 suport areas.
Close below  market win momentum downside - expect test [980,960].
Click to zoom in.


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