Sunday, March 20, 2011

SPX Market Report and Economic Data for Monday 21/03/2011

Commentary Daily chart SPX500 EOD - Swing trader


Below 1292 and more important below 1312 daily chart, trend remain bearish short-term expect more damage next weeks first target [1235,1220] and next [1150,1170].

Area Daily chart - Position
Suport -1217, [1224,1227], 1234,[1247,1249], 1254 and 1261
Resistance – [1380,1382], [1388,1395],[1304,1306],1312
Click to zoom in.








Economic Calendar

Sunday:

- Japan Bank Holiday

Monday:

10:00 AM EuroZone ECB President Trichet Speaks
10:00 AM US Existing home Sales

Tuesday:

5:30 AM UK CIP
5:30 AM US FOMC Member Fisher Speaks
8:30 AM Canada Retail Sales
10:00AM US Richmond Manufacturing
8:30 AM Canada Retail Sales

Wednesday:

5:30 AM UK Bank Meeting Minutes
10:00 AM US New Home Sales
11:00 AM EuroZone Consumer Confidence
10:00 PM US Federal Reserve Chairman Bernanke Speaks
5:45 PM New Zealand GDP Index

Thursday:

4:30 AM EuroZone Germany PMI
5:00 EuroZone PMI
5:30 AM UK Retail Sales
8:30 AM US Durable Goods
8:30 AM US Unemployment Claims
7:30 PM POMV Member Duke Speaks

Friday:

EU Summit
3:00 AM EuroZone German Consumer Climate
5:00 AM EuroZone German Business Climate
5:00 AM US FOMC Member Kocherlakota Speaks
7:30 AM US POMC Member Fisher Speaks
8:30 AM US GDP
9:30 AM University of Michigan Consumer Sentiment
12:15 AM US FOMC Member Plosser Speaks

Weekend:

UK & EuroZone Daylight Savings Time Shift
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