Jan 28, 2012

Weekly review / Седмичен преглед

SP500 moved higher but is flat for the week. The idea stays the same - a pullback before moving higher.

Two targets - the first one is 38,2% retracement from the December low, the trend line and minor support level. The second one is cluster of support levels - 50% retracement from the December low, 38,2% retracement from the November low, EMA50 from the daily chart, reaction of the same size 65points like the last one, support level of the previous high in December.

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