Forex | Forex | Equity Markets Retrace Yesterday's Range to Finish Higher (19/08/2009 04:39:05)

Equity Markets Retrace Yesterday's Range to Finish Higher

The September E-mini S&P 500 retraced all of yesterday’s range to finish higher for the day.  The current chart pattern suggests that this market could run into resistance at 50% of the break from the 1016.00 top at 995.75.   Equity markets were up across the board as buyers stepped in overnight following better than expected economic news from Germany.  An improvement in German investor confidence renewed thoughts of a global economic recovery.  In addition many


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