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Tuesday 17 December 2013

S&P Futures Analysis

S&P Futures hit 1780 when stock market closed at 4pm EST yesterday
It tried to stay above several times today but failed

Watch S&P Futures @ 1780 as it'll try to break & stay above again
Stronger resistance @ 1783 yesterday, which was S&P 500's 1790 yesterday
Highest point reached yesterday was 1785 (S&P 500's 1792)
No strong resistance confirmed for today yet

Fed's meeting today & tomorrow, with FOMC statement tomorrow, the market should be cautious not to go too high
But the market is still trying to go higher without strong supports, wait for it to fail & drop further below before selling

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