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Monday 2 December 2013

Stock Market Speculations/Trading Signals to watch

S&P 500 & S&P Futures rebounded around 1804 on Friday but stayed below 1808 & dropped again, looking weak for now
S&P 500 will probably try to reach 1813 later then drop to 1810 to test if it can stay above, failing will result in dropping below again

Fed Chairman Bernanke's speech @ 8:30am EST will most probably help stocks go higher if QE tapering is not mentioned
Economic news might also affect & change the market, so we cannot guarantee or confirm our speculations yet

Look to buy S&P 500/S&P Futures @ 1804 if it stays above & go higher
Look to sell S&P 500/S&P Futures @ 1813 if it stays below & drop,
Sell at smaller resistances 1808, 1810 at a higher risk
All for 30 minutes expiration

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