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Tag: S&P500 PIT Session

Market Analysis of the S&P500 PIT Session Hourly Chart | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Daily S&P 500 Futures Chart
4. Economic Reports

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1. Market Commentary

I am back talking about the gaps and the PIT session SP500 as I have been for the last few days.

We closed the gap at 1159 going down today and a look at hourly chart suggest that the short term gaps are all filled. Bit oversold on the downside but overall my indicators suggest short to medium term further downside pressure – however the market will need to take out 1070 before we can see another leg down, until then we should see volatility both ways. Continue reading “Market Analysis of the S&P500 PIT Session Hourly Chart | Support and Resistance Levels”

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.