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Friday 29 November 2013

Stock Market Analysis

The market will close early at 1pm EST today
Today will also be the last trading day of the month so the market might be volatile
Trading risk increased, trade less or none today
The stock market might go higher & resistances can be broken because of holiday shopping which is good for stocks but it's also too high & at risk of dropping due to profit taking

S&P Futures broke above 1807, new resistance @ 1810 (1809.65 then 1809.15), possible support @ 1807 (1806.65 then 1807.45, next possible support @ 1808.15 if it continues uptrend but not confirmed yet)

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