Tech on S&P futures

Market news

3 May 2012

Tech on S&P futures

Resistance 3:1420 (area of high of March)

Resistance 2:1412 (May 1 high)

Resistance 1:1404 (session high, May 2 high)

Current price: 1391,95

Support 1:1390 (Apr 30 and May 1-2 lows, 38,2 % FIBO 1354-1412)

Support 2:1382/80 (area of Apr 26 low, МА (20) and МА (55) for D1, 50.0 % FIBO 1354-1412)

Support 3:1376 (61.8 % FIBO 1354-1412)

U.S. stocks retreated from session lows: Dow 13,252 -17 -0.13%, Nasdaq 3,053 -7 -0.24%, S&P 500 1,400 -3 -0.19%

Apr ISM Non-Mfg data

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