Daily Forecast - 09 September 2014
S&P September contract
Emini S&P held Friday's range holding immediate resistance of 2006/07 & 1994. We continue to struggle around this big psychological 2000 area. Immediate resistance at 2006/07 then 2010/11 all time highs. A break higher this week may finally see a break away from the 2000 area & target 2014 today, possibly 2019/20.
More sideways trading certainly possible for a while longer as stated yesterday. Again immediate support is 1998/97 but any longs need stops below 1993 for a buying opportunity at 2 week lows of 1988/87. Good support again at 1983/82 so only below here is more negative this week.
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