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

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