S&P - Our take for today

[technicalanalyst]

S&P hit our resistance at 1026.13 (The high being 1026.07) and closed for the day at 1025.39

The resistance levels for today are seen at 1026.13 and if this is breached then the next resistance is at 1028 and 1033. The weekly resistances are seen at 1034.12 and 1039.97.

The immediate support is seen at 1024.30 and 1022.44 both of these are daily support levels. We have intra day supports at 1018.31 and 1013.17

happy trading!!

quantlogic.com

 

[technicalanalyst]

S&P 500 - Our take for today

Yesterday's Analysis:

S&P hit the high at 1036 and then closed at 1033 which was our daily resistance.

For Today:
---------------
We have two resistance at 1034, one being a weekly and the other being a daily resistance. So to break this there will be some solid buying thats required.
Once this 1034 is broken, this can act as a support if there is a good momentum upwards.
The next resistances are seen at 1039, 1040 and 1042.

If there is a negative opening, the supports are seen at 1033, 1028 and 1025.47 . There are also two daily supports at 1024.30 and 1022.44

quantlogic.com

 

[technicalanalyst]

S&P 500 - Our take for today

As mentioned yesterday, we saw considerable activity at our level 1042.10 and then at the support 1039.37 and 1039.97 . Since there was considerable activity at our resistance, its obvious that that resistance is about to be broken and it did break at around 3 pm. Please refer to the attached screen shot to see the action at the levels.

Today's levels are as follows:

The immediate resistance is seen at 1047.22 and then at 1049.81. If these two are broken then the next resistance is seen at 1054.30 and 1059.13

The supports are seen at 1042.10 and then followed by a series of supports at 1037-1039 range. There are good supports seen at 1034 and 1033.

Happy Trading!

For detailed analysis www.quantlogic.com

 

[Kurrency]

well 1056 might be possible then 1000 to 990's.
Max Pain in options for SPY is at 99 for september. this is way out of whack

 

[technicalanalyst]

updated with screen shot

As mentioned yesterday, we saw considerable activity at our level 1042.10 and then at the support 1039.37 and 1039.97 . Since there was considerable activity at our resistance, its obvious that that resistance is about to be broken and it did break at around 3 pm. Please refer to the attached screen shot to see the action at the levels.

Today's levels are as follows:

The immediate resistance is seen at 1047.22 and then at 1049.81. If these two are broken then the next resistance is seen at 1054.30 and 1059.13

The supports are seen at 1042.10 and then followed by a series of supports at 1037-1039 range. There are good supports seen at 1034 and 1033.

Happy Trading!


Just refer to the atatched screen shot to see the action at our levels

 

[technicalanalyst]

S&P 500 - Our take for today - Technical analysis

As mentioned on Friday , we saw considerable activity at our level 1047.22 . It was hit around 6 times and then the market weakened. Then the action shifted to the level 1042 and then at the support 1039.37 and 1039.97 .

Today's levels are as follows:

The immediate resistance is seen at 1044.14 and then at 1047.22. If these two are broken then the next resistance is seen at 1049.81 and 1054.30

The supports are seen at 1042.10 and then followed by a series of supports at 1037-1039 range. There are good supports seen at 1034 and 1033.



Happy Trading!

 

[technicalanalyst]

S&P 500 - Our take for today - Technical analysis

As mentioned on Monday, the upward movement hit our intraday resistance at 1049 and then closed at that level itself. Please refer to my post yesterday for the levels. The days high was at 1049.74 and the intraday resistance was at 1049.81 !!

Today's levels are as follows:

The immediate resistance is seen at 1049.81and then at 1054.30. If these two are broken then the next weekly resistance is seen at 1059.13 . Its unlikely that this weekly resistance will be broken.

The supports are seen at 1047.22 and then followed by a series of supports at 1044.14 and 1042.10. There are good supports seen at 1040.30 and 1039.47

Happy Trading!

 

[technicalanalyst]

S&P 500 - Our take for today - Technical analysis

The immediate resistance for S&P is seen at 1053.23 and then at 1054.30
These are intraday and daily resistance and there is a fair chance that these can get broken easily during the first few hours of trade.

The next resistance zone is at 1059 levels and it would require considerable buying to break this resistance zone. If this resistance zone gets broken, the next daily resistance is seen at 1062.

The supports are seen at 1049.81 and 1047.22. There is a strong weekly support at 1039

Refer to the attached screen shot for the levels,

Profitable trading!
quantlogic.com

 

[technicalanalyst]

S&P 500 - Our take for today - Technical analysis

The immediate resistance is at 1073 and 1074 levels. The 1074 is a weekly resistance and its pretty strong as its a new level. If this gets broken the next resistance is at 1079 and then only at 1109!
But not sure whether it can go that far, but keep an eye on the 1074 level.

The immediate is at 1067 and then at 1062. It can find further support at 1059 and 1058.
Have a look at the screen shot of the actual levels and the action at these levels.

quantlogic.com

 

[technicalanalyst]

S&P 500 - Our take for today - Technical analysis - Screen Shot

Have a look at the performance of our levels for S&P

cheers,

 

[technicalanalyst]

S&P 500 - Our take for today - September 21st

First of all sorry about not updating the levels for Friday trading! Looks like it was a huge miss for so many of my well wishers.

we had a resistance at 1068.76 and the market closed at 1068.30
The intra-day high was at 1071.52 which was just below our intra day resistance at 1073.02

So to get to the levels for 21st September, the immediate resistance would be at 1068.76 and then at 1073.02 . The next intra day resistance is at 1074.83 and a daily resistance at 1076.65

The support levels are seen at 1067.39 and 1062.32 . A strong weekly resistance is seen at 1059.13 and an Intra day resistance is seen at 1058.28

Cheers,

 

[technicalanalyst]

S&P 500 - Our take for today - September 25th

S&P closed at 1050.78 down -0.95% with an intraday high being 1066.29 and a low of 1045.85

Now to the technical levels for today, there is a resistance zone at 1054, with a weekly and a daily resistance overlapping. If there is a gap up opening today and this is broken with good volume, i think the upward mometum will be maintained. But this is unlikely.

The next resistance is seen at 1058.94 and 1061.51 .

There is resistance zone seen at 1062.37 where a weekly and daily resistance has merged.

Now to the Support zones, there is an immediate support zone seen at 1047.22 where a weekly and daily support levels have merged. This is interesting as this occurs only once in a while. I think today it should be range bound between 1054 and 1047. Suppose there is a huge selling pressure, there is a support at 1042 and then another support zone at 1039 !

Happy Trading!