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Technical Forecast for S&P 500

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Technical Forecast for S&P 500
Emini S&P Dec13 held immediate support at 1692 then rocketed higher through 1718/19 to set a new all time high at 1723. Above here today look for 1728/29 then 1734/35. 
 
Any profit taking finds support at 1712/11 but if we continue lower look for a buying opportunity at 1705/04. Exit shorts & try longs from here down to 1700 with a low for the day expected. However we need stops below 1698.

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Posted-In: Technicals Markets Trading Ideas

 

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