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Wednesday 15 January 2014

S&P 500 Analysis & Trading Signals to watch

Look to buy S&P 500 @ 1840 if it breaks above resistance, stays above & goes higher, for 30 minutes expiration or less
Look to sell S&P 500 or S&P Futures @ 1840 if it stays below & drops further, for 30 minutes expiration

1840 is a strong resistance as S&P 500 dropped below 1840 resistance most of the time for several days & might drop below again
However, S&P 500 jumped from 1820 to 1840 yesterday, showing a lot of strength
See if 1840 resistance can turn into support today, sell if it fails

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