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Weekly Analysis: S&P 500 Stock Index.

During this week, S&P 500 Stock Index will follow previous falling trend along with gradual and retracing rising trends. Once it hits 750,00 trading range, the index will witness more fallings, but it seems that the falling potential of the index has remarkably been decreased and given the jumps, it makes ready for gradual risings. Today, S&P 500 will continue its falling trend. Technical resistance levels:783.00/793.00/799.00 Technical support levels:766.00/761.00/752.00 Trading range: 750.00 -- 799.00 Trend: Swing Market sentiment NEAR-TERM: Bearish MEDIUM-TERM: mixed LONG-TERM: Bullish 2009/02/23

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Publication:Moj News Agency (Tehran, Iran)
Date:Feb 23, 2009
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