10 July, Weekly Stock Market Review

We saw a sharp relief rally in the S&P e minis this week after extreme oversold conditions. This index however is still in a down trend, with overhead resistance at 1080 to 1086, at these levels are, the 61.8% fibonacci retracement level taken from June 22nd highs to July 6th lows and the 50 and 200 day ema’s. I also review the Dax. Have a good weekend everyone. If you would like a one month complimentary membership to GT members area,  register here