S&P 500 mini daily technical forecast – 07.02.2012
Daily Swing (07.02)
R3-1364.50 R2-1358.75 R1-1354.75
Pivot-1348.75
S1-1345.00 S2-1339.00 S3-1335.00
Daily Forecast – Monday (07.02)
ES closed at 1358.25 1323.25 which is huge 35 points gain, best since last december, mainly because of the good news from the summit, but my opinion is that the end of the quarter and month triggered a massive short cover rush. This could cause a slash back today or in the next days.
The main resistance for today is 1365 and we don’t expect that
S&P 500 mini daily technical forecast – 06.29.2012
Daily Swing (06.29)
R3-1345.75 R2-1334.75 R1-1328.75
Pivot-1317.75
S1-1311.75 S2-1300.75 S3-1294.75
Daily Forecast – Friday (06.29)
ES closed at 1323.25 which is a 3 points loss. ES bounced back quite sharply at the end of the trading hour, and today it moved up again as the european situation seemed better than expected.
The main support for today is 1317, and as ES pulled up to 1345 it seems that Street cheers the european development at the summit, so we expect that this
S&P 500 mini daily technical forecast – 06.28.2012
Daily Swing (06.28)
R3-1340.75 R2-1334.50 R1-1330.25
Pivot-1323.75
S1-1319.50 S2-1313.25 S3-1308.75
Daily Forecast – Thursday (06.28)
ES closed at 1326.25 which is a 10 points gain. Today ES moved sideway and turned down from 1327.75.
The main support for today is 1313, and in case ES breaks it the next is 1308 and than 1303. These are hard support for today.ES tends to move lower and if ES bounces back the next resistance is 1323 than 1327/1330, but the most likely scenario
S&P 500 mini daily technical forecast – 06.27.2012
Daily Swing (06.27)
R3-1333.75 R2-1325.75 R1-1319.75
Pivot-1311.75
S1-1303.25 S2-1297.50 S3-1291.50
Daily Forecast – Wednesday (06.27)
ES closed at 1316.25 yesterday which is a 10 points gain. Today ES moved sideway and turned up at 1312 pivot support.
The main support for today is 1312, it will try to keep it vigorously but in case ES breaks it the next is 1303/1305 which close to the 1300 area so it’s a hard support and we don’t expect lower level for today.ES tends
S&P 500 mini daily technical forecast – 06.26.2012
Daily Swing (06.26)
R3-1326.00 R2-1320.75 R1-1313.50
Pivot-1306.75
S1-1300.75 S2-1295.50 S3-1288.25
Daily Forecast – Tuesday (06.26)
ES closed at 1306.75 yesterday which is a 19 points loss. Today ES moved sideway in a 1312-1305 range.
The main support for today is 1307, and the next is 1300 which has to keep the downward movement for today. If ES could bounce back it will try to break 1313 resistance than 1320 to challenge the Friday’s swing high at 1334. We expect sideway movement
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- 07.03 S&P 500 mini daily technical forecast – 07.02.2012
- 07.03 S&P 500 mini daily technical forecast – 06.29.2012
- 07.03 S&P 500 mini daily technical forecast – 06.28.2012
- 07.03 S&P 500 mini daily technical forecast – 06.27.2012
- 07.03 S&P 500 mini daily technical forecast – 06.26.2012
- 07.03 S&P 500 mini daily technical forecast – 06.25.2012
- 07.02 S&P 500 mini daily technical forecast – 06.22.2012
- 07.02 S&P 500 mini daily technical forecast – 06.21.2012
- 07.02 S&P 500 mini daily technical forecast – 06.20.2012
- 07.02 S&P 500 mini daily technical forecast – 06.19.2012
