S&P Analysis

S&P Analysis
S&P Analysis

As with he others a decent rise yesterday and near the top of the 20 day Raff now at 2125. Interest rate worries are not he sidelines and we could be on for an EMA cross to bull on the daily if today continues the bull momentum. The pivot for support at 2112.4 initially, so a good place for a long for a rise to the top of the 10 day Bianca at 2129. The bottom of the 10 day channel is 2088 but I don’t think it will be that bearish today unless Greece really kicks off! We have broken above the 20 day Bianca channel so resistance is also now support at 2116, with 2103 being the 200ema for support also. So a few spread out, the pivot and 2116 looks decent. Resistance wise 2124, 2132, 2134 are the levels to watch.

Long off the pivot, 2113, stop 2111, target 2125+

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