Technical forecast for S&P 500

SP4

Emini S&P Dec13 held immediate support at 1692 then rocketed higher through 1718/19 to set a new all time high at 1723. Above here today look for 1728/29 then 1734/35.

Any profit taking finds support at 1712/11 but if we continue lower look for a buying opportunity at 1705/04. Exit shorts & try longs from here down to 1700 with a low for the day expected. However we need stops below 1698.

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