Today another high of the year another green day at close. We know and see the dipp every day... lolol.
Finally test 1324 1322 ( near) higher band of the range that i thought last weeks for potential minor or major top, close 1319 gain +8.18pts.
Commentary Daily chart SPX500 EOD - Swing trader
Above 1271 trend remain bullish target range [1297,1324] possible minor or major top next months.
If spx close above 1324 next session next area [1350,1375].
Still valid potential bearish divergence price vc indicator daily.
Next resistance 1324 and 1350.Area Daily chart - Position
Suport - 1220, 1235, [1259,1262] and 1271
Resistance – 1324, 1350, 1364 and 1375;
Commentary 60 minutes chart SPX500 EOD - Day trader
Above 1312 and more important above 1309 buyers control.
Close 60 minutes below 1309 expect 1301 possible extension [1294,1298]
Resistance [1324] next 1331 and 1335
Area 60 minutes Chart – Daytrading
Suport - [1259,1262],1271,1281,1287,1294,1298, 1309 and 1312;
Resistance – 1324, 1332 and 1337
Click to zoom in.
Economic Data/Events week 07-11 /02■Tuesday: 4:30 AM Germany Industrial Production
■Wednesday: 10:00 AM US Fed Chairman Ben Bernanke Testifies
■Wednesday: 7:30 PM Australia Unemployment
■Thursday: 4:30 AM UK Manufacturing Production
■Thursday: 7:30 AM UK Interest Rate
■Thursday: 8:30 AM US Unemployment Claims
■Thursday: 5:30 PM RBA Governor Stevens Speaks
■Friday: 2:00 AM German CPI
■Friday: 4:30 AM UK PPI
■Friday: 8:30 AM Canada Trade Balance
■Friday: 8:30 AM US Trade Balance
■Friday: 9:55 AM Univ. of Michigan Consumer Sentiment
■Friday: 12:30 PM ECB President Trichet Speaks
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