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S&P/ASX 200 forecast for coming week ended 31st August, 2012.

Last week I was mentioning that S&P/ASX 200 may find hard resistance at 4400-4450 level.
Still I am keeping hope about the medium term bullish pattern which S&P/ASX has created though it is not very clear but if it triggers that then it will cross 4400-4450 level. Even if it drops in early days I am expecting a trend change in later days.

Now it may correct in coming week and if it drops more from 4350 level then 4300 will be its initial support and then around 4250 level.


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