Tech on S&P futures

Market news

13 March 2012

Tech on S&P futures

Resistance 3:1410 (Jun’2008 high)

Resistance 2:1400 (psychological level)

Resistance 1:1377 (area of Feb 29 and Mar 1-2 highs)

The current price: 1374,00

Support 1:1370 (intraday low)

Support 2:1360 (Mar 12 low)

Support 3:1357 (Mar 9 low)

JPM still call for 1.5% Q1 GDP but say today's retail data certainly takes some of the downside risk off the table.

Bundesbank hikes inflation fcast to slightly above 2% vs 1.8% in dec and confirms Germany 2012 GDP forecast of 0.6% y/y

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