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Monday 23 December 2013

Buy S&P Futures @ 1819-1820- 2 wins

Previous Analysis & Signals to watch:
Stocks are still trying to go higher despite being too high
Market sentiment is positive & economic news is expected to be better

S&P Futures opened @ 1819 & built support @ 1819.15, 1819.65 & 1820.45
It might drop back to test 1819, but is currently staying above 1820
Possible resistance @ 1823 (1822.65) but might just be temporary

Look to buy S&P Futures @ 1819-1820 or higher if it stays above & goes higher, for 30 minutes expiration

Update:
US economic data were only in line with expectations, personal income slightly worse than expected
Stocks should pullback for now
S&P Futures building more resistance @ 1823.65

Results:
Buy S&P Futures @ 1819-1820- 2 wins
Support @ 1820.45 broken, stronger support @ 1819.65 confirmed as it did not drop further below
S&P Futures dropped to 1819.65 & rebounded to expire @ 1820.95 at 10:30pm EST
(Time shown in charts are EST+13hours)


S&P Futures dropped to 1819.65 & rebounded again to expire @ 1821.15 at 2:30pm EST


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