This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Major Support & Resistance (pivot points – explained):
Pivot: 6629; Support: 6599, 6578, 6548; Resistance: 6650, 6680, 6702
As is often the case come the end of a big week in terms of Fed-spectations, markets are sideways into the weekend.
Markets happy with prolonged QE3 but the excitement of a taper-no-show has already dissipated with the realization that focus will revert to every bit of US data until Dec at the earliest, as well as political bickering in Washington on the budget, and another likely close encounter with the debt ceiling and thus run-in with ratings agencies.
Tapering may not have made an appearance but volatility likely will. We’re off the lows, but we’re also off the highs. Longer-term uptrend still intact. Let’s see if the German election can deliver any surprises this weekend. Will “Mummy Merkel” as she’s known at home win another tough term, or will a change at the helm deliver a Eurozone shake-up?
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
Click here for help with Support & Resistance Click here for help with technicals
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
Click here for help with Support & Resistance Click here for help with technicals
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
Click here for help with Support & Resistance Click here for help with technicals
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
Click here for help with Support & Resistance Click here for help with technicals
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