Dmitri Lysenko
Stock exchange news. Summer continues, equally continues the “wondering” of S&P500 future between significant technical levels of support-resistance:
Nevertheless, the future is within purchase zone, and it can only start being considered for sale only lower than the level of the week before last general volume of 1315.00:
Judging by a cluster chart, a strong zone of support has formed in the range of 1321.25 – 1324.25: a struggle between buyers and sellers can definitely be observed here (without one obvious direction), after which the upward break did happen:
Positive financial reports of raw material and technological sectors favoured the general growth of the market:
Nevertheless, traders of Futures Trade and Stock Exchange Department of Masterforex-V Academy explain that the market situation remains rather uncertain – the situation of possible technical default of the USA and its influence on the market is too obsessively spread by all possible means.
It is rather possible that big players gradually quit their speculative positions (many stocks are now reconsidered after QE-2 program) so that they can “stock up” cheaper later. They may also be just waiting, which is testified by СОТ reports:
The situation of technical default is not new for the US government (last time it was simply “unnoticed by anyone”) and it is not for nothing that such loud campaign is held regarding all this. However, as a matter of fact it is only arbitrary and mostly acts psychologically...BUT WITH A CERTAIN PURPOSE...
Dmitri Lysenko
