Tech on S&P futures

Market news

16 March 2012

Tech on S&P futures

Resistance 3:1440 (high of May’2008)

Resistance 2:1410 (high of Jun’2008)

Resistance 1:1400 (session high)

Current price: 1398,25

Support 1:1394 (session low)

Support 2:1384 (Mar 14 low)

Support 3:1377 (Feb 29, Mar 1-2 lows)

US stocks flat: Dow 13,253.13 +0.37 +0.00%, Nasdaq 3,054.81 -1.56 -0.05%, S&P 500 1,403.44 +0.84 +0.06%

USD/JPY extends slippage through support to Y83.20. On the downside strong demand seen into Y83.00 with stops set, more at Y82.85/80.

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