SNSN schreef op 1 september 2015 10:56:
For today: PP=3.457
Resistance: R1=3.493; R2=3.515
Support: S1=3.435; S2=3.399
As for longer horizons:
After "spinning top" on Aug 5, a two-days bearish reversal formation - "bearish engulfing" on Aug 12-13 - gave rise to st-downtrend (fully consistent with cyclic timing).
A new st-uptrend started with bullish reversal "hammer" on Aug 24. To be confirmed the "falling-top-line" since Aug 5, which was tested yesterday and is around ~3.46 today, must be broken upwards....
As for the markets, the highly overvalued aex is in the (necessary and well predicted) correction phase since Mar-Apr 2015 (see old posts for details). There is a reasonable prob that aex would test the lower edge of its "systemic" lt-uptrend which is just slightly above the long-term support level ~375.