S&P 500 Index Futures Forecast December 14, 2012, Technical Analysis
The S&P 500 Index futures fell during the session on Thursday after hitting the 1440 level as the “fiscal cliff” continues to be the main focus of market participants. We believe that there is a thick support zone between 1420 and 1400, so selling at this point time would not be where we would want to be in the marketplace. In fact, if this market falls, we will be looking for support at the 1400 level that should continue to make the market somewhat buoyant. On a break down below the 1380 level however, we would be very bearish of this market as it would look to selloff drastically.
Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.