SP 500 Futures Trading

Mini S&P Daily Continuation Chart – Levels & Reports 8.12.2014

August 11th, 2014 Filed under Future Trading News, Indices | Comment (0)

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Nice bounce on stock index futures after the lows we made Thursday night.

So far the market has respect to the symmetry I am sharing below and the current bounce should test 1951 if continues OR test 1913 if selling pressure resumes. These are the levels I will be watching as in between we have enough room for intraday fluctuations. Volume today was light and action took place mostly in the first few hours. August is know to be the “month of vacations” over at Europe.
Mini SP 500 daily chart for your review below:

In between the Geo political focus will be on the situation in Iraq and the concerning issue of the Islamic group known as ISIS.

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SP 500 Futures Testing Major Support Zone – Levels & Reports for 8.8.2014

August 7th, 2014 Filed under Day Trading, Future Trading News, Future Trading Platform, Futures Trading, Index Futures, Indices | Comment (0)

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Voted Number 1 futures trading blog!

SP 500 made new lows and about to test a series of support levels as one can see in the daily chart below:

We have few levels of support between 1885 and 1896.50 in case we break again below the psychological 1900 mark.

I mentioned a couple of days ago support of 1795 by mistake and was asked by few of the readers. That was a typo the support I meant to write is 1895.

Looks like we will visit that level and zone very soon, maybe as early as night session. My best guess is for an initial bounce of that level. Just a guess. Either way I will look to see what kind of reaction we get if and when we get down there.

A strong bounce may signal some more upside, however a break below 1895-1885 level may actually make my 1795 typo into a reality…