Previsão para hoje SP 500
Enviado: 16/1/2003 12:30For Thursday, additional downside is favored if the index moves below 916 but watch for support near 908 or higher for a reversal back up. A move below 908 could lead the index back to support near 869. Resistance above is near 922 and then 935. Downside is expected early in the day with a possible rally later in the afternoon.
A major top appears to be developing and it is possible that the corrective pattern in process since last July is coming to an end with a terminal pattern developing in the short term charts and the failure to reach the 954 high creating another lower high. Any move below the 869 point confirms the action and suggests a new major bear trend may be at hand.
Potential range for 2003: High 940, low 640. Targets will be revised as conditions evolve
A major top appears to be developing and it is possible that the corrective pattern in process since last July is coming to an end with a terminal pattern developing in the short term charts and the failure to reach the 954 high creating another lower high. Any move below the 869 point confirms the action and suggests a new major bear trend may be at hand.
Potential range for 2003: High 940, low 640. Targets will be revised as conditions evolve