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Thursday 10 April 2014

Stock Market Analysis

S&P Futures current resistance @ 1867 but might not be safe to trade as the market is bullish for now
No supports found yet & the market is too high
1860 might become turning point & possible support at 8:30am EDT's Unemployment Claims

High risk:
Sell S&P Futures @ 1867 if it stays below & drops further, for 30 minutes expiration
Buy S&P Futures around 1860 if it stays above & goes higher, for 30 minutes expiration

There'll be a lot of high impact economic events such as Unemployment Claims, Federal Budget Balance, G7 & G20 Meetings throughout the day so trading will be high risk today

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