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Aug 09

TECHNICAL ANALYSIS BY NSFX 09.08.2013

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The 30 minute chart is used today for the USA500.  The main US index could not go above 1700 in the last trading session.  There are ascending bottoms as well that are the beginning of a bullish trendline.  Only if USA500 will climb above 1698 then 1702 has to be tested because is the area where the descending tops built a trendline.  Area 1691 is the first support; if the trend line could not sustain sellers pression price likely will fall to 1684 first and then to 1675 area.

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