S&P 500 Analysis
S&P 500's resistance @ 1850 is still strong as it stayed below & dropped sharply yesterday
Look to sell S&P 500 @ 1850 if it stays below & drops further, for 30 minutes expiration
Economic news
World Economic Forum annual meetings will be held starting from today & throughout the week
Comments from influential officials can create significant market volatility
Trading will be at a higher risk this week
Bank of America CEO Brian Moynihan: ‘As economies continue to stabilize in 2014, our experts expect we could see accelerated growth’
Therefore there's the risk of S&P 500 gaining strength & even breaking above 1850 because of comments like these
Avoid selling if it breaks above 1850 & goes higher
S&P Futures Analysis
S&P Futures is currently rebounding @ 1835-1836 but it may not be quite safe to trade as it dropped further below yesterday
S&P Futures new resistance @ 1843 (S&P 500's 1850), there's also smaller resistance @ 1838 although it can be broken easily
S&P Futures is currently following S&P 500 as it dropped when S&P 500 reached 1850 yesterday
So it would be safer to sell S&P 500 @ 1850 instead of S&P Futures @ 1843 as the value for S&P Futures might change later
Risks: 1835 & 1838 are not strong support or resistance & are just temporary, which can be broken easily, trade at your own risk
(High risk: Buy @ 1835-1836, Sell @ 1843/1838)
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