Wednesday, February 2, 2011

SPX Market Report and Economic Data for Thursday 03/02/2011

Only 5 points range today nothing happen. Follow last thought still valid.

Commentary Daily chart SPX500 EOD - Swing trader
Above 1271 trend remain bullish target range [1297,1324] possible  minor or major top next months.
Still valid potential bearish divergence price vc indicator daily.
Next resistance 1310,1324 and 1350.

Area Daily chart - Position
Suport - 1220, 1235, [1259,1262] and 1271
Resistance –  1310, 1324, 1350;

Commentary 60 minutes chart SPX500 EOD - Day trader
Above 1298 and more important above 1294 buyers control.
Resistance [1307,1310] next 1317

Area 60 minutes Chart – Daytrading
Suport -  [1259,1262],1271,1281,1287,1294 and 1298;
Resistance –  [1307,1310] next 1317

Click to zoom in.

Economic Data/Events week 31-04 /02
- Weekly Jobless claims;
- Q4 Productivity;
- Factory orders;
- ISM services;
- Monthly Payrolls report with the Unemployment rate.


1 comment:

  1. The all new "Bull Dog Indicator" -- America's favorite dogs, it's funny

    It's a Bull Market in Bulldogs, I don't think that is Bullish from a Fundamental Viewpoint!

    Check out this chart of how America's favorite dogs change over the last decade.

    Rottweilers, Dobermans, Shepherds, and Bulldogs all increasing in popularity. Mostly since 2005. Do you think that the average person has inkling of all the shenanigans going on?


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