Intraday Market Thoughts

Archived IMT (2009.04.08)

by Ashraf Laidi
Apr 8, 2009 10:55

S&P500 eyes the 800 support, which is both the trend line from the March lows and the 23% retracement from the said level. A close below it would give way to 775-780. Interestingly, the Dow continues to fail in closing above its 100-day MA and risks being dragged towards the 7,688 and 7,550 targets. JPY remains best performer over past 2 days, followed by USD, while NOK and AUD are the broadest losers.


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