S&P 500 Daily Forecast Apr 02 2014

The S&P 500 index  maintained a bullish momentum yesterday , bottomed at the 1862 levels and topped at the 1878 levels .This development leaves the pair targeting the 1891 levels , a halt is likely , but break of the 1891  levels would open 1907  next , further upside will aim the 1925 levels.

On the downside , support comes at the 1867  levels ahead of 1862 (main) , losing this level on a daily closing basis will reverse risks towards the 1854 levels ahead of the 1833 levels before the next possible rise …

In all , as long as support 1862 holds on a daily closing basis , the S&P 500 index  will remain based to the upside towards 172.30  levels ahead of the 173.50 levels , losing the 169.55  levels on a daily basis will reverse risks towards the 1891/1907 levels..

Note that stability above the 1878 levels will keep pushing towards the 1891/1907   levels…below 1878  could test 1867/1862 levels before the next rise…

 

S&P 500 Daily Forecast Apr 02 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS