Stock Markets' Turn in The Trend is Around The Corner
Stock Markets are continuing to tumble, as previously noted in my recent posts. Once NASDAQ Composite having broken the strong support @ 2,900, which had lasted from last week until yesterday, it is evident that markets are looking for last thrust to downside. This shall be quick, and fast drop and reversal in the similar manner. Nevertheless, watch out for the reversal starting from 05/17. Dow Jones Industrials have dropped into the support level as indicated on the attached chart herewith. S&P SPDR ETF, namely SPY also has approached the support as indicated in my post dated 05/08/2012 . Momentum indicator is turning up, indicating the lack of sellers' commitment See the attached charts.
I commence with my gratitude to The Creator
Stock Markets are continuing to tumble, as previously noted in my recent posts. Once NASDAQ Composite having broken the strong support @ 2,900, which had lasted from last week until yesterday, it is evident that markets are looking for last thrust to downside. This shall be quick, and fast drop and reversal in the similar manner. Nevertheless, watch out for the reversal starting from 05/17. Dow Jones Industrials have dropped into the support level as indicated on the attached chart herewith. S&P SPDR ETF, namely SPY also has approached the support as indicated in my post dated 05/08/2012 . Momentum indicator is turning up, indicating the lack of sellers' commitment See the attached charts.
If markets do drop tomorrow, then DJI prices of 12,410-,12,450 level shall be the test. However, I am looking for sharp reversal to the upside staring as soon as 05/17/12.
