Tuesday, September 18, 2012

S&P500 intraday technical analysis - bullish above 1448

Not much has happened in this market since yesterday. The E-mini S&P500 futures (September 12) remains in a strong bull trend and any pullbacks are viewed as corrective and should be bought. I'm looking for an opportunity to buy at 1454 should the trendline and 38.2% Fibonacci support hold. I'm bullish above 1448 and only a drop below it will make me reconsider my strategy.

Pivot: 1448
Support: 1439, 1428
Resistance: 1480, 1492, 1500

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