this is what i have been looking at for the past week and all seems to be panning out.
as i type we are heading towards that 'neck line' at 3660 very quickly. After hitting high of 3880 on the Xjo we are now falling hard and are currently at 3700 (-100pips).
I said on Friday i would have rathered us hover around the 3770 level and we have now achieved that and are headed towards my first point on 'support' (3660) which i think will be broken very easily. Helping this is the 'swine flu' which has scared a few fokes and maybe the catalyst for the downturn.
here are my levels of support again
3660 - neck line
3630 - resistance (23/03, 31/03) Support (09/04)
3540 - 61.8% Fib line from Jan High.
safe trading
No comments:
Post a Comment