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  1. SPX 500 Technical Analysis: Down Move Ready to Resume?

    by , 08-05-2015 at 06:59 AM
    Talking Points:
    • Support: 2089.40, 2081.20, 2072.90
    • Resistance: 2099.50, 2115.90, 2137.10

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    The SPX 500 turned downward anew after finding resistance above the 2100.00 figure, dropping the most in five months. A daily close below the 38.2% Fibonacci expansion at 2089.40 exposes the 50% level at 2081.20. Alternatively, a reversal above the 23.6% Fib at 2099.50 clears the way for a challenge of the July 31 high at 2115.90.
    ...
  2. Technical Analysis for US Dollar, GOLD, SPX 500 and CRUDE OIL

    by , 08-30-2014 at 09:01 AM
    Talking Points:

    • US Dollar Signals Near-Term Top Forming Below Six-Month High
    • S&P 500 Chart Positioning Hints a Downturn May Be in the Cards
    • Gold Moves to One-Week High, Crude Oil Struggling to Advance

    US DOLLAR TECHNICAL ANALYSIS – Prices may be carving out a near-term top after forming a bearish Evening Star candlestick pattern. A daily close below the 14.6% Fibonacci retracementat 10618 exposes the 23.6% level at 10591. Alternatively, a reversal above the 14.6% Fib ...