NeboXian's Support And Resistance Weekly TAO 7-3-09
July 3rd, 2009at 11:53 am
This is a Support/resistance Zone Study for the past Quarter of the Dow (white)/ Naz (blu) / S&P (green) percent comparison.
What we are seeing here is the Dow has dropped back down into the April Range on Thursday for the 7th time and is headed to the lower Fib fan line. The S&P is in the caution zone and headed to the lower end of the caution zone and lower perspective fan line. The Naz is holding up above the safe zone and sitting on it’s fib line. The momentum and weight of the Dow and S&P need to reverse to the up side next week or all three markets could end up below the support zone buy the end of July
