More from FXstreet.com

Forex Flash: S&P 500 could dip to 1,350 - RBS

By FXstreet.com,  August 10, 2012, 02:26:00 PM EDT

FXstreet.com (San Francisco) - According to RBS, the S&P 500 index is "heading into a strong resistance area between 1,405 and 1,412 composed of the May high and 200% Fibonacci retracement from the Oct - Nov 2011 selloff on a continuation chart," and says that "If a close below 1,389 occurs, the move will be likely to continue to the 1,357/1,351 support area, where the 161.8% retracement from the same move and 100-day MA both lie." At the time of writing, S&P 500 is down 2.29, or 0.16% at 1,400.51.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



Latest News Video

Private Island on the Thames: $11.7 Million
Private Island on the Thames: $11.7...
Take Control Of Your Wealth
Take Control Of Your Wealth         
How to Avoid Getting Caught Pre-Defection
How to Avoid Getting Caught Pre-Def...
WSJ House of the Week: And the Winner Is…
WSJ House of the Week: And the Winn...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.




Most Active by Volume:

Company Last Sale Change Net / %
PFE $ 29.40 0.24  0.82%
NOK $ 3.86 0.17  4.61%
S $ 7.32 0.10  1.39%
BAC $ 13.27 0.06  0.45%
GE $ 24.33 0.56  2.36%
MU $ 13.76 0.52  3.93%
SIRI $ 3.40 0.06  1.80%
MNKD $ 6.605 0.94  12.40%