Technical forecast for S&P 500

SP1

Emini S&P Sep13 beat 1645/46 as we look for a test of resistance at 1651/53 & a selling opportunity here today, with stops above 1655.

1646/45 is support of course but below here look for 1641/39. Use this as a buying opportunity with stops below the 100 day moving average at 1636.

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More