The S&P 500 futures did very little during the session on Monday, as the market simply waits for the Federal Reserve and its meeting/press conference
The S&P 500 futures did very little during the session on Monday, as the market simply waits for the Federal Reserve and its meeting/press conference on Wednesday. Currently, we sit just below the 1420 level which of course is a massive resistance area that we have been talking about for some time now. It does look like a market that once the breakout to the upside, and the fact that the market has been so adept at ignoring bad news lately, we would have to say that the move higher is probably more likely than not. However, we need a daily close above that level in order to be convinced.
S&P 500 Index Futures Forecast December 11, 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.
