The S&P 500 Index Futures fell for the session on Wednesday as traders came back from the Christmas holiday. However, the volumes are still very light
The S&P 500 Index Futures fell for the session on Wednesday as traders came back from the Christmas holiday. However, the volumes are still very light and as such we cannot read too much into the day’s actions. With that being said, we still feel that this market is consolidating between the 1414 40 levels, and as such feel that buying a supportive candle somewhere just below current prices would be the way to go forward. As far as selling is concerned, we would need to see a significant break down below the 1400 level in order to consider doing so.
S&P 500 Futures Forecast December 27, 2012, Technical Analysis
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
