Tuesday, May 8, 2012

Updates on US30

Market has fallen below 13000 and plunged to 12850 which is also our weekly target.

Expect little support around 12850 and return to 12900.

As per my weekly forecast, i switched from sideway bullish to bearish if market failed to sustain above 12980.

I will Hunt for shorting opportunity when the bear takes a breather and return to resistance 12900-12950.

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