The S&P 500 Index futures had a strong showing on Tuesday as we broke through a shooting star that protected the 1440 level from last week. This
The S&P 500 Index futures had a strong showing on Tuesday as we broke through a shooting star that protected the 1440 level from last week. This suggests that we are going higher, and as result we expect to see a 1460 print sometime soon. With this being said, we are more than willing to buy pullbacks, or a break of the highs from the Tuesday session. We obviously cannot sell this market right now; there is far too much bullishness in it. If we can get above 1460, this market should take off.
S&P 500 Index Futures Forecast December 19, 2012, Technical Analysis
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
