The S&P 500 index futures rose during the session and then pulled back to essentially finish the day unchanged on Thursday. This is quite a task
The S&P 500 index futures rose during the session and then pulled back to essentially finish the day unchanged on Thursday. This is quite a task actually if you think about it, as we gapped up quite a bit on Wednesday. The fact that we did give back much or any of the gains for that matter is in and of itself a testament to the strength of this market right now. With this being said, we like the idea of buying a break of the 1460 level, as we think it opens the door to the 1500 handle. As for selling, we would need to break down below the 1420 level on a significant daily close in order to even consider it.
S&P 500 Index Futures Forecast January 4, 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.
