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Previsão para hoje SP 500

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Previsão para hoje SP 500

por TRSM » 15/1/2003 12:41

For Wednesday, there are numerous bearish divergences in many time frames appearing on the rise which has developed into a terminal 5 wave diagonal that is now near complete. Odds favor a small rise within the first hour and a top developing that may or may not take out 935 resistance. A reversal is then expected to occur early in the day back to the downside which may occur right from the open if the pattern is complete. A move below 926 support reverses the trend with a move below next support near 908 confirming the reversal.

A major top appears to be developing and it is possible that the corrective pattern in process since last July is coming to an end with a terminal pattern developing in the short term charts and the failure to reach the 954 high creating another lower high. Any move below the 869 point confirms the action and suggests a new major bear trend may be at hand.

Potential range for 2003: High 940, low 640. Targets will be revised as conditions evolve
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