SPX Market Report and Economic Data for Friday 04/02/2011

Another green today more 3 points but for now unable to break tuesday highs.
Still valid potential bearish divergence daily chart price vc indicator.

Daily nothing change 1271 is key level. The 60 minutes alert last thought "above 1298 and more important above 1294 buyers control.".

Today low 1294.83 market reversal to closer near the highs 1307.10.

 

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 daily chart price vc indicator.

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 1300 and more important above 1298 buyers control.

If close 60 minutes  below 1298 risk appetite test today lows (1294.83) and reversal short-term.

Breakout today high good change test first 1310 and if break next area [1312,1314] and 1317.

Area 60 minutes Chart – Daytrading

Suport -  [1259,1262],1271,1281,1287,1294, 1298 and 1300;

Resistance –  [1307,1310] next [1312,1314] and 1317

Economic Data/Events week 31-04 /02
Friday

- Monthly Payrolls report with the Unemployment rate.

Click to zoom in.

SPX Market Report and Economic Data for Friday 04/02/2011