The S&P 500 futures fell a bit during the Thursday session as headlines continue to move the markets back and forth. The “fiscal cliff” talks continue
The S&P 500 futures fell a bit during the Thursday session as headlines continue to move the markets back and forth. The “fiscal cliff” talks continue to turn sour, and as a result the markets are struggling a bit with a direction as the Congress simply cannot come to some type of agreement.
We still see the 1400 level as being vital, and as long as we stay above that we think that this market cannot be sold. In fact, we think a bounce back to the 1440 level could be coming if we see supportive action in this general vicinity. It is not until the daily close below 1400 that we will start selling this market.
S&P 500 Index Futures Forecast December 28, 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.
