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Let's Gain - The Professional Signals Provider - Signals, Trading Systems, Technical Analysis

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Home arrow Archive arrow S&P 500 future - analysis - week 9

S&P 500 future - analysis - week 9

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Sunday, 17 de February de 2008

The US markets will be closed tomorrow due to president's day. Last time US had a holiday was on Monday 21st January, the S&P drew a long black candlestick with a range of more than 70 future index points. We do not expect this scenario tomorrow, but we forecast weaker S&P 500 for the coming week. RSI is moving below the trendline in green and it is showing that investors are holding their short positions.

Resistance  1370
Support  1331.6

 

sp_500_small.png

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