As predicted earlier http://www.freefdawatchlist.com/2011/10/how-to-play-with-this-volatile-market.html
We saw retest of lows of S&P500 at 1101, DJI 10517 and nasdaq 2331. S&P500 failed the test and lowered to 1098, Nasdaq came to 2335, DJI came to 10655. The volatility will continue till October 13th based on Europe and Greece, after that things will stabilize and hit upside, if things goes well and if Greece is able to avoid bankruptcy.
Here is the numbers to watch out.
S&P500 has next resistance at 1077, and then major resistance at 1064. If it fails then the biggest resistance is at 1022.
On Nasdaq, the resistance is at 2309, 2219, 2153 and followed by big resistance at 2091.
On DJI, the resistance is at 10446, followed by 10150, 10097 and then big resistance at 9931.
At the same time based on the previous data, I see upside in DJI of atleast 1500 point, Nasdaq up by 300 point, S&P 500 up by 131 points in short period of time from their bottom by the end of this quarter.
We saw retest of lows of S&P500 at 1101, DJI 10517 and nasdaq 2331. S&P500 failed the test and lowered to 1098, Nasdaq came to 2335, DJI came to 10655. The volatility will continue till October 13th based on Europe and Greece, after that things will stabilize and hit upside, if things goes well and if Greece is able to avoid bankruptcy.
Here is the numbers to watch out.
S&P500 has next resistance at 1077, and then major resistance at 1064. If it fails then the biggest resistance is at 1022.
On Nasdaq, the resistance is at 2309, 2219, 2153 and followed by big resistance at 2091.
On DJI, the resistance is at 10446, followed by 10150, 10097 and then big resistance at 9931.
At the same time based on the previous data, I see upside in DJI of atleast 1500 point, Nasdaq up by 300 point, S&P 500 up by 131 points in short period of time from their bottom by the end of this quarter.
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