STI – Hourly – 20090709

Posted by admin on July 9, 2009 under Articles | 3 Comments to Read

A more in-depth look at the STI hourly chart…hope the messy lines are not too confusing…

A quick summary on the short-term support/resistance levels to look out for the next few days:

Resistance Zone: 2330~2342 (Combination of daily midas line + hourly midas line + pink hourly upper bollinger band + yellow downtrend channel line)
Support Zone: 2275~2291 (Combination of daily midas line + hourly midas line + red neckline)

So everyone is asking the same qn: To long or short at the resistance or support zone?
Ans: Simply trade what you see; not what you think…

By Cind : http://www.rmao.net/forum/viewtopic.php?f=2&t=209&start=240