S&P500 – analysis by "X-twisted" indicator 24.05.2010

 

S&P500 hits 2 of 3 suggested bearish targets ( 1163.00 – 1.158.00 ) and closes the bottom price of 1151.60 (0.60 away from our third target).

 

According to the strong trend line (that served us as a support & resistance trend line) , stretched on 2 hour indicator's chart, we broke into the bearish zone and further down-trending market seems to be more probable.

 

Bearish targets : 1170.00 – 1164.00 – 1159.00 (1 - 2.5 trading days).

S&P500 – analysis by "X-twisted" indicator 25.05.2010

 

 

 

S&P500 hits all the suggested targets : : 1170.00 – 1164.00 – 1159.

 

We will be looking for a new entry points later this week.

 

No targets for now.

 

 

 

 

 

 

GBPUSD – analysis by "X-twisted" indicator 25.05.2010

 

 

GBPUSD reaches the first bearish target at price 1.4280.

 

 

According to the resistance trend line, stretched on 4 hour "X-twisted" indicator's chart, we can count on bearish market.