invest-in-vision: November 2012

Wednesday, November 28, 2012

The 20 ma's daily as support or not today...that's the question.

The 20 ma's monthly triggered longs but the declining 20 ma's daily and some horizontal levels could be resistance after the run of yesterday.

After a drop down of 1000 points in the past few weeks, the dow reached the rising 20 ma monthly.
A technical reverse is possible now.

The prices are moving above the 5 ma daily but we see a lot of overhead resistance. Target could be the declining 20 ma daily.

5 ma/20 ma daily is negative but the 200 ma ES is still support. 5 ma daily could be target today.

A pullback is again possible because of resistancelevels.

A bounce is possible but the declining 20 ma's daily are resistance.