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$ Index, Into Longer Term Support...

Discussion in 'Technical Analysis' started by ActionForex.com, Mar 8, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    $ index has tumbled to another new low but into support at the base of the bearish channel since last Nov (currently at 72.40/55, and also the base of the 2 year bearish channel, see both daily and weekly charts below). Note too that the market is oversold after the...

    complete article here...

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