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Wednesday, 24 July 2013

SP500 Futures H4 Update

General Overview on 24/07/2013 on 14:30 CET:

The corrective pullback in form of a triangle is expected in wave 4 and then new highs.
Support/Resistance:
1721 - 127%Expansion
1705 - WR2
1700 - WR1
1682 - Weekly Pivot
1676 - WS1
1664 - Previous wave 4 area
1659 - WS2
1654 - WS3
Trading Recommendation:

Buy Weekly Pivot OR 1685 Intraday Support level in anticipation of impulsive wave 5 to the upside breaking fresh, new ground. Targets above.

Seb

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