Tech on S&P futures

Market news

15 May 2012

Tech on S&P futures

Resistance 3:1363 (area of May 10-11 highs)

Resistance 2:1356 (resistance line from May 7)

Resistance 1:1347 (session high)

Current price: 1339,75

Support 1:1330 (38,2 % FIBO 1197-1420)

Support 2:1300 (area of 50,0 % FIBO 1197-1420, psychological level)

Support 3:1296 (Jan 30 low)

U.S. stocks retreated: Dow 12,693 -3 -0.02%, Nasdaq 2,912 +9 +0.32%, S&P 500 1,338 -0 -0.01%

U.S.: Business inventories , March +0.3% (forecast +0.5%)

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.