In this post:
1. Market Commentary
2. Support and Resistance Levels
3. Daily S&P 500 Futures Chart
4. Economic Reports
5. Earnings Releases
1. Market Commentary
We closed the first gap on the pit session/ BIG SP as you can see below.
If market has more volume on the buy side, the next target is 1185, on the other hand if volume dries out up in these levels, I will be watching price action around 1149 and 1129 before deciding which way offers better risk/ reward.
At this point, I am neutral and will wait for market to give me some clues before deciding which way to attack.
Daily SP 500 chart for your review below: Read the rest of this entry »