Seems like 1350-1370 is a strong resistance….
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Resistance 1350 is stong level.
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{ 5 comments… read them below or add one }
Hi,
My speuclation is that the resistance level of 1350 may pierce thru like a piece of cake on or before this Wed, Feb 15th! Cheers.
Hi,
‘Pierce thru’ is a strong word. Testing ‘again’ would be appropriate.
Though it did try to test 12900 the market fell back. Retail Sales which was key to this week’s rally failed to impress. Adding to insult, prior month’s data were revised downwards.
Focus would then be on Claims and CPI tomorrow while Greece is back in the drawing board.
Hi Patrick,
Am quite disappointed with yesterday closing.
Whether it will break the resistance or due for correction will be known within these few days.
Hi,
Tonight will be interesting!
1. Jobless claims fell more than expected.
2. Housing start is impressive while Building permits’s within expectation.
Let’s see who wing this tug of war. US data or Greek noise!
Cheers!
tt’s right. from my chart, it still have not break the trendline. i waiting for it to break up as it is forming a symmertical triangle.
cheers.