Thursday, 18 April 2013

S&P500 neckline support at 1540, will it break if right shoulder is formed?

Dear Friends,

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.

Rgds
Daniel
www.danielloh.com

STI breaks 3280 triple top barrier! What are the Singapore Stocks to Look at this quarter?!

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