S&P Futures possible resistance @ 1830 but it still wants to go higher, especially after better than expected economic news
High risk:
Look to buy S&P Futures @ 1830 if it stays above & goes higher
Sell S&P Futures @ 1830 if it stays below & drops further
All for 30 minutes expiration or less
Trusted Binary Options Brokers
Tuesday, 7 January 2014
Buy S&P Futures @ 1830- win, Sell S&P Futures @ 1830- win
Previous Analysis & Trading Signals to watch:
S&P Futures support @ 1823, resistance @ 1830
Look to buy S&P Futures @ 1823 if it stays above & goes higher
Look to sell S&P Futures @ 1830 if it stays below & drops further, especially if economic news is worse than expected
Look to buy S&P Futures @ 1830 if it stays above & goes higher, especially if economic news is better than expected
Most important economic news will be ISM Non-Manufacturing PMI, which might be the turning point
Risk: 1830 might be tested several times during economic news before the market stabilizes
All for 30 minutes expiration
Update:
Stronger resistance @ 1832-1834
Sell S&P Futures @ 1832 if it stays below & drops further, for less than 30 minutes expiration
Results: Buy S&P Futures @ 1830- win, Sell S&P Futures @ 1830- win
Buy S&P Futures @ 1830 as it stayed above & went higher for it to expire @ 1832.15 at 9:30am EST
(Time shown in chart is EST+13hours)
Sell S&P Futures @ 1830 after it dropped below & further for it to expire @ 1826.45 at 10:00am EST
S&P Futures also dropped further below 1823 after worse than expected economic news, making signal "buy S&P Futures @ 1823" invalid as support is broken
Sell S&P Futures @ 1832 also invalid as it couldn't be reached again anymore
S&P Futures support @ 1823, resistance @ 1830
Look to buy S&P Futures @ 1823 if it stays above & goes higher
Look to sell S&P Futures @ 1830 if it stays below & drops further, especially if economic news is worse than expected
Look to buy S&P Futures @ 1830 if it stays above & goes higher, especially if economic news is better than expected
Most important economic news will be ISM Non-Manufacturing PMI, which might be the turning point
Risk: 1830 might be tested several times during economic news before the market stabilizes
All for 30 minutes expiration
Update:
Stronger resistance @ 1832-1834
Sell S&P Futures @ 1832 if it stays below & drops further, for less than 30 minutes expiration
Results: Buy S&P Futures @ 1830- win, Sell S&P Futures @ 1830- win
Buy S&P Futures @ 1830 as it stayed above & went higher for it to expire @ 1832.15 at 9:30am EST
(Time shown in chart is EST+13hours)
Sell S&P Futures @ 1830 after it dropped below & further for it to expire @ 1826.45 at 10:00am EST
S&P Futures also dropped further below 1823 after worse than expected economic news, making signal "buy S&P Futures @ 1823" invalid as support is broken
Sell S&P Futures @ 1832 also invalid as it couldn't be reached again anymore
Monday, 6 January 2014
US economic reports update
ISM Non-Manufacturing PMI
Actual: 53.0 Estimate: 54.6 Previous: 53.9
Factory Orders m/m
Actual: 1.8% Estimate: 1.8% Previous: -0.9%
Actual: 53.0 Estimate: 54.6 Previous: 53.9
Factory Orders m/m
Actual: 1.8% Estimate: 1.8% Previous: -0.9%
Sell S&P Futures @ 1832
S&P Futures broke above 1830 resistance & went higher after slightly worse than expected economic news
Stronger resistance @ 1832-1834
Sell S&P Futures @ 1832 if it stays below & drops further, for less than 30 minutes expiration
Stronger resistance @ 1832-1834
Sell S&P Futures @ 1832 if it stays below & drops further, for less than 30 minutes expiration
Final Services PMI update
Final Services PMI
Actual: 55.7 Estimate: 56.0 Previous: 56.0
(only slightly worse than expected)
Actual: 55.7 Estimate: 56.0 Previous: 56.0
(only slightly worse than expected)
S&P Futures Analysis & Trading Signals to watch
S&P Futures support @ 1823, resistance @ 1830
Look to buy S&P Futures @ 1823 if it stays above & goes higher
Look to sell S&P Futures @ 1830 if it stays below & drops further, especially if economic news is worse than expected
Look to buy S&P Futures @ 1830 if it stays above & goes higher, especially if economic news is better than expected
Most important economic news will be ISM Non-Manufacturing PMI, which might be the turning point
Risk: 1830 might be tested several times during economic news before the market stabilizes
All for 30 minutes expiration
Look to buy S&P Futures @ 1823 if it stays above & goes higher
Look to sell S&P Futures @ 1830 if it stays below & drops further, especially if economic news is worse than expected
Look to buy S&P Futures @ 1830 if it stays above & goes higher, especially if economic news is better than expected
Most important economic news will be ISM Non-Manufacturing PMI, which might be the turning point
Risk: 1830 might be tested several times during economic news before the market stabilizes
All for 30 minutes expiration
US economic events 6 January 2014
9:00am
Final Services PMI
10:00am
ISM Non-Manufacturing PMI
Factory Orders m/m
5:30pm
Fed Chairman Nomination Vote
Final Services PMI
10:00am
ISM Non-Manufacturing PMI
Factory Orders m/m
5:30pm
Fed Chairman Nomination Vote
Friday, 3 January 2014
US economic news
US economic news further weakened the stock market today
Fed's Lacker: case can be made for faster taper, data would have to be much weaker to slow taper
Total Vehicle Sales worse than expected
Actual: 15.4M Estimate: 16.0M Previous: 16.4M
Fed's Lacker: case can be made for faster taper, data would have to be much weaker to slow taper
Total Vehicle Sales worse than expected
Actual: 15.4M Estimate: 16.0M Previous: 16.4M
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