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
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.
