HighSky (HighSky)
Currencies  |  January 07, 2013 11:36:00

The S & P500 is facing severe obstacles

Although after New shot S & P500 index quickly retreated starting line on the chart indicated price gap attracts now to complete it, so the next journey in the S & P500 to new peaks, reaching above the highs of September last year, may not now be so simple.

S & P500, daily comment

The other two main U.S. benchmark index Dow Jones and the Nasdaq is nearly new top of the index do not. The graph is further apparent divergence between the oscillator, which is facing down and the price, which in recent weeks has reversed course. The top line is resistant then obviously the simplest technical indicator that most traders see.In the case of an index to the signals encountered and reversed development, the first technical objective can then look at the price gap filling, below 1413 b

Josef Kvarda, Analylik

HighSky Brokers, Inc.

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