Tech on S&P futures

Market news

26 March 2012

Tech on S&P futures

Resistance 3:1500 (psychological level)

Resistance 2:1440 (high of 2008)

Resistance 1:1407/10 (area of Mar 19 high and high of June’2008)

Current price: 1405,50

Support 1:1400 (earlier resistance, Mar 22 high)

Support 2:1393 (session low)

Support 3:1380 (Mar 23 low)

DB says Q1 GDP is tracking +2.8% and this week's data should be similar to recent data - "we are beginning to see nascent signs of a recovery in the housing sector."

U.S.: Pending Home Sales (MoM) , February -0.5% (forecast +1.0%)

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.