Tuesday, 28 February 2012

New week.....new highs....

 SPX continues to move higher although it had many chances to make deeper corrections than it did. This happens imho because european debt crisis makes investors even more hesitant to enter at these levels. 1350 major support that enables us to see tagets at the area of 1400.

EURUSD after having achieved our first target of 1.34, moves now towards 1.35 our second target which is an even bigger resistance.

Greek banking sector has corrected 50% and may have finished the correction or will soon will have. Another big upmove is anticipated at least as a C wave. Long positions should be considered in this support area.

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