US Index On Consolidation Condition
21 February 2012 17:47:48 WIB
S & P 500
The movement of S & P 500 index looks still in consolidation condition and technically, the stochastic indicator is in potentially bearish condition. Any breach of support at 1360.55 will likely to bring index move down towards the next support at 1351.38. Conversely, if index strengthen up and penetrated resistance at 1368.75 that there is a chance index will move up towards resistance at 1376.52.
DOW JONES
The movement of Dow Jones index looks stuck on resistance area which there is likely index will move down. Technically, the stochastic indicator is in potentially bearish condition. Any breach of support at 12943 will likely to bring index move down towards support at 12858. Conversely, if index strengthen up and penetrated resistance at 13019 that there is a chance index will move up towards the next resistance at 13091.
