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Aug 05

TECHNICAL ANALYSIS BY NSFX 05.08.2013

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High:  Low: 

Just  reached a new all time high, the USA500 broke static resistance at 1708.4 pulled back to 1707.7 and is heading to unchartered territory.  Buyers in this case they can rely only on pullbacks and psychological levels.  Buyers will get focused if price should reach 1705,1700 and 1693, where the 55 EMA on the 4 hours time frame was in the final stage of this rally a valid support.  Sellers will be active only below 1700, on confirmed break of 1693 and for traders with a longer time horizon on the breach of 1673 support.

R3
R2
R1
S1
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S3