Nothing new today 10 points range HL.
Open gap down around 1287(-3pts) close the gap first hour of trading at 1290 (resistance 60 minutes).
Unable to close 60 minutes above 1290 reversal to test suport 1282 ( 60 minutes chart).
Unable to break suport reversal again and close at the highs of the session 1291.
Reference area 60 minutes chart today worked perfect.
Commentary Daily chart SPX500 EOD - Swing trader
Open gap down around 1287(-3pts) close the gap first hour of trading at 1290 (resistance 60 minutes).
Unable to close 60 minutes above 1290 reversal to test suport 1282 ( 60 minutes chart).
Unable to break suport reversal again and close at the highs of the session 1291.
Reference area 60 minutes chart today worked perfect.
Commentary Daily chart SPX500 EOD - Swing trader
Above 1268 trend remain bullish target range [1297,1324] possible top next months. If 1297 is the top need confirmation with a close daily below 1268.
Daily close above 1297 next area 1310 possible extension 1324.
Daily close below 1268 next area 1235 possible extension 1220.
Area Daily chart - Position
Suport - 1220, 1235, 1268 and 1278;
Resistance – 1297, 1310, 1324, 1350;
Commentary 60 minutes chart SPX500 EOD - Day trader
Close below 1278 win momentum downside first target 1272 possible extension 1268.
Close above 1290 win momentum upside first target 1297Area 60 minutes Chart – Daytrading
Suport - 1272,1278 and 1282
Resistance – 1297
Click to zoom in.
Economic Data/Events week 24-28 /01
Wednesday
New home sales
2:00 FED with a statement.
Thursday Weekly Jobless claims
Durable goods and Pending home sales.
Friday
Q4 GDP est. at +3.8% and Consumer confidence.
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