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Tag: Stock Index August outlook

Crude Oil Futures Testing Major Weekly Support Level, SP500 Volatility Higher + Levels for 8.6.2014

Posted on by Ilan

Hello Traders,

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

Volatility has picked up again! Make sure you adapt as markets are always changing and what may work for range bound/ low volatility days will not work for wide range/ higher volatility days.

I see major support for SP500 at 1795 and it will be interesting to see price reaction if we test this level in the next few days.

On a different note, I wrote a quick analysis along with chart for Crude Oil futures at:

http://experts.forexmagnates.com/crude-oil-attempting-break-lower/

Continue reading “Crude Oil Futures Testing Major Weekly Support Level, SP500 Volatility Higher + Levels for 8.6.2014”

Stock Indices React to FOMC with Largest One Day Drop in 4 Months – Aug 1st Levels

Posted on by Ilan

Hello Traders,

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

I have noticed many times in the past that the “real direction to FOMC announcements, will usually come the following day”. Today was a perfect example of it…..

Last time we had a meaningful correction in the SP500 was April 4th. The correction lasted 10 days and measured 90 SP points from peak to valley 1885 to 1795 as you can see in the chart below ( sounds like I am talking about earthquakes….).If symmetry decides to give us a similar reaction we can see 1896 as the next target. In between we have a support zone at 1913 – 1918 first.

 

Daily chart of the Sept. mini SP 500 with the different levels for your review below:

 

EP - E-Mini S&P 500 Equalized Active Daily Continuation
EP – E-Mini S&P 500 Equalized Active Daily Continuation

Continue reading “Stock Indices React to FOMC with Largest One Day Drop in 4 Months – Aug 1st 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.