Market Leader informed
On Friday S&P500 completed a bullish wave, which is expected to be followed by either an increase in the wave level or a trend reversal.
According to the experts from the Department of studying Masterforex-V trading system , in order to continue the uptrend the price will need to retrace and go further up for the “Moment of Truth” with breaking through the peak at 1224.01. In order to develop the bearish correction into a downtrend the price will need getting over the MF pivot at 1169.02, going for the “Moment of Truth” and forming a downward FZR*.
Resistance levels:
1368,60=76%MN+176.%а(С)D1+300.0%AD1
1344,94=123.6%W1+276.4%AD1+161.8%а(С)D1
1287.81=111.8%AW1+223.6%AD1+123.6%а(С)D1
1232.58=61.8%MN+188.2%AD1
Support levels:
pivot=1169,92
This week’s key news that can have an impact on market dynamics (USA - GMT):
Nov 15th
13:30 - Retail Sales
13:30 - Empire Manufacturing
15:00 - Business Inventories
Nov 16th
13:30 - PPI
14:00 - Net Long-term TIC Flows
14:15 - Industrial Production
Nov 17th
13:30 - Building Permits
13:30 - Housing Starts
13:30 - CPI
Nov 18th
13:30 - Jobless claims
15:00 - Philadelphia Fed Manufacturing Index
15:00 - Leading Indicators
Nov 19th
10:15 - Federal Reserve Chairman Bernanke speaks at the ECB Central Banking Conference
You are free to discuss this article here: forum for traders and investors
1 comment:
This blog is very informative. A lot of information is posted in this single blog that is very helpful in trading.
Post a Comment