Dmitri Lysenko
Exchange news, S&P500. During the previous week S&P500 future was ranging within the wide flat zone, which had been formed one week before; therefore, technical levels of resistance remain unchanged:
The previous week’s volume and ТРО (1243.00 - 1243.75) have formed supporting point, which indicates the start of favourable conditions for buying. Sales can be regarded below the previous week’s volume (1234.00), whereas below the previous week’s ТРО (1220.75) – only sales are possible. A short-term trading channel can be formed in between these levels:
According to weekly results, all sectors, except financial, have shown small growth. Bank of America, Citigroup, and Goldman Sachs are the outsiders of financial sector:
Previous week’s statistics:
Major economic releases for the current week:
Dmitri Lysenko
