Jun 10, 2013
Flash: The SP500 confirms trend continuation signal with 1,770 target - RBS
After the SP500 formed a bullish piercing pattern just above the 61.8% retracement from the Apr – May impulse wave, in view of Dmytro Bondar, strategist at RBS, it has confirmed "the view for a trend continuation towards 1,770 target " Bondar said. Only a sustained break below 1,600 would require the bullish view to be reassessed, Bondar added.
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