Indexes Update for coming movement

Posted by TobinChang at 4:28 PM Thursday, May 14, 2009

Hi .. take notice of this important level of S&P 880 level .. daily and hrly chart show immediate support level no doubt yesterday 130509 we saw a down close day of 2.5% . there might not be a downwards follow through in todays session but if the market pushes lower than 880 and stay lower with lowerLow than we are going to expect big downclose week . when trade higher than 880 level we see only small downclose week . the market remains healthy for this short time flame as this movement down creates a retracement . asia indexes including TW STI did not have any big reaction when S&P came off 2.5% yesterday , so we can look forward for some support for a good scalp into intraday . for more info email : info@mmtta.com


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