Topix beat edged towards the next target at 966 to continue the incredible run but came to a halt just below at 962 and took a tumble to test our initial
Topix March contract Forecast for 6th February 2013Topix beat edged towards the next target at 966 to continue the incredible run but came to a halt just below at 962 and took a tumble to test our initial target for profit taking at 939.
We bounced off 936 and have reached 955 resistance. Above here we can retest 962 highs and if this is broken we have the 966 target to hit.
However if we fail at resistance another sharp sell off could follow with 938/936 the target again. A break below here could then take us down to 924 this week and below here 912 with strong support at 902/901.
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