Thursday, 18 April 2013
S&P500 neckline support at 1540, will it break if right shoulder is formed?
Today I did comment on what FM958 mediacorp DJ Di Cong ask, about the chart of S&P500. It indeed show a strong support at 1540. If indeed it rebounds off 1540, a head and shoulder formation seems to be showing. If a right shoulder is shown, and the neckline is broken at 1540, we need to be very careful!
1540 is point to watch out for.
Dear Friends, It is great news that Singapore STI has a triple top breakout off 3280 barrier! As a trader, I always look at triple top bre...