{"id":58771,"date":"2011-09-01T10:02:03","date_gmt":"2011-09-01T00:02:03","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/09\/01\/us-equities-facing-tough-resistance\/"},"modified":"2011-09-01T10:02:03","modified_gmt":"2011-09-01T00:02:03","slug":"us-equities-facing-tough-resistance","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/09\/01\/us-equities-facing-tough-resistance\/","title":{"rendered":"US Equities Facing Tough Resistance"},"content":{"rendered":"

\n\tFNArena<\/span><\/span><\/span> has added another video to its Investors Education section on the website<\/span><\/span>. In this video, ATW's<\/span> Jerry Simmons suggests the rally in US equities might find the going tougher as strong technical resistance is looming.<\/p>\n

\n\tSimmons remains of the view that 1240 remains a high degree target for the S&P500<\/span> index in the US, even though his analysis suggesting the rally could well run into headwinds<\/span> at 1210 already. More ominously, perhaps, is that Simmons has observed the index looks like carving out a bearish wedge on price charts.<\/p>\n

\n\tOn a more positive note, it is also still possible the US index is forming a bullish 1-2 1-2 formation. All in all, it looks like resistance at 1240-1245 remains "significant", note Simmons.<\/p>\n

\n\tWhat could be a bullish signal is that the CRB<\/span> index, which is a benchmark for commodities, looks like it might be preparing for a bullish break-out, reports Simmons. This could be a positive signal for equities as the CRB<\/span> Index has a long legacy for leading the share market.<\/p>\n

\n\tEqually, it would appear crude oil (WTI<\/span>) is also about to break out to the upside. For gold, however, Simmons remains of the view that last week's price action marks a key reversal. He notes there's key resistance at US$1820-1835 and well-defined support is located at US$1770-1780.<\/p>\n

\n\tSimmons also notes that as long as AUD\/USD remains above 1.035-1.04 the bias remains to the upside.<\/p>\n

\n\tTo view the ATW<\/span><\/span> Strategic Prep Video click HERE<\/a> or visit the FNArena<\/span><\/span> Investors Education section of the website<\/span>.<\/p>\n

\n\tHere's the direct link: http:\/\/www.fnarena.com<\/span>\/preview\/index2.cfm<\/span>?type=dsp_front_videos<\/span>&vid<\/span>=54<\/a><\/p>\n

\n\tAll views expressed are Jerry Simmons's, not FNArena's<\/span> (see our disclaimer).<\/p>\n

\n\tJerry Simmons has over 25 years of full-time trading experience. He is the senior partner and head mentor for the “Masters” Programme<\/span> within the education system at New York based Advanced Trading Workshop (ATW<\/span>). ATW<\/span> recently set up shop in Australia through the establishment of ATW<\/span> Australia (since mid-2010).<\/p>\n

\n\tFNArena<\/span> is pleased to have Jerry Simmons as a highly valued contributor to its service which aims at both educating investors and assisting them with their own market analyses<\/span>.<\/p>\n

\n\tThe above mentioned videos can be accessed via the FNArena<\/span> Investor Education section at http:\/\/www.fnarena.com<\/span>\/index4.cfm<\/span>?type=dsp_front_videos<\/span>)<\/p>\n","protected":false},"excerpt":{"rendered":"

ATW’s Jerry Simmons reports the rally in US equities might find the going tougher as strong technical resistance is looming.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58771"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=58771"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58771\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=58771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=58771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=58771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}