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Aug 28

TECHNICAL ANALYSIS BY NSFX 28.08.2013

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High:  Low: 

The main US index today did not go below yesterday lows and a slow rebound seems in process on the 30min time frame. The gauge is just 7 points away from the dynamic support. If the trendline should not be valid anymore as a support then area 1600 would be the next test. Below the 200 SMA the USA500 will change its trading environment from trading range in the area 1700-1560  to downtrend. Only above 1671 market sentiment might turn positive.

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