Hello Folks, the S&P500 futures are closing at 3380.00
Today’s Range: 3365.50 – 3388.00
The futures have been testing 3360-3370-3380 levels since yesterday.
There is a strong resistance at 3380-3385, which can give 20-30 points
correction back to 3360-3350. So a clean trade may come above 3390.
Different short-term indicators are showing different views, which makes
it difficult to do take up a take trade with high conviction.
The weekly and monthly charts are bullish, and 3400-3420 is our next
upside target. 3300 is the absolute stop loss on any long trade now.
So we will look for better setups in the coming week. Thanks.