SSEC 2606 - Daily 10ema 2616
China is leading the markets. SSEC gave a SELL signal on 10th August at 2640 on 30min charts. Watching for a Daily close below 2500 for BEARISH move into a Autumn low around 2000 or a Daily close above 2700 for a BULLISH move up to 3000.
FTSE 5275 - Daily 10ema 5313
FTSE gave a SELL signal on 10th August at 5390. Look for resistance 5300-5320 on Monday. A daily close below 5100 and the FTSE could move down to 4500 in the Autumn. A move above 5400 will be the trigger to go Long with a move projected up to 6000.
S&P500 1079 - Daily 10ema 1102
S&P500 gave a SELL signal on 10th August at 1120 on 30min charts. Look for support at 1056 and resistance at 1090 on Monday. A daily close below 1040 and the S&P500 could move down to 890 in the Autumn. A move above 1130 will be the trigger to go Long with a move projected up to 1250.
GOLD $1215 - Daily 10ema 1201
S&P500 gave a BUY signal on 12th August at 1200. Look for resistance at 1225, Dec09 peak A daily close below 1190 and GOLD could move down to retest 1160 with any break below that implying 1050 in the Autumn. A Daily close above 1220 will be the trigger to go Long with a move projected up to 1280
Saturday, 14 August 2010
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