News
June S&P closed up 13.1 at 1305.2. This was 12.5 up from the low and 1.5 off the
high. June S&P E-Mini finished up 13.25 at 1305.25, 1.5 off the high and 16 up
from the low.
S&P 500 (JUN) 03/25/2011: The market now above the 60-day moving average suggests
the longer-term trend has turned up. Stochastics are at mid-range but trending
higher, which should reinforce a move higher if resistance levels are taken out.
The market now above the 18-day moving average suggests the intermediate-term
trend has turned up. The market setup is supportive for early gains with the close
over the 1st swing resistance. The next upside target is 1319.12. The next area
of resistance is around 1314.05 and 1319.12, while 1st support hits today at
1296.55 and below there at 1284.13.
EURO (JUN) 03/25/2011: Momentum studies are trending lower from high levels which
should accelerate a move lower on a break below the 1st swing support. The market's
short-term trend is positive on the close above the 9-day moving average. The
daily closing price reversal up is a positive indicator that could support higher
prices. The market has a slightly positive tilt with the close over the swing
pivot. The next downside target is now at 139.67. The next area of resistance is
around 142.32 and 143.00, while 1st support hits today at 140.66 and below there
at 139.67.