22/08/2014

SP500 2 hr 14:05

2 hr. Technically a very interesting situation. The 14:00 close came in very high but needed just a little more. Now we have a falling 8 hr MA and a strongly rising 21 MA. Yellen speaks at 16:00 when a new bar comes in. There is of course the possibility to rally up above the 8 MA but also if Yellens speech is interpreted as bad by the market, break on downside and close below 989 maybe even 987.

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