S&P 500 Daily Forecast May 01 2014

blank

The S&P 500 index maintained a bullish momentum yesterday, bottomed at the 1866 levels and topped at 1879 levels.T his development leaves the pair targeting the 1900 levels, a halt is likely, but break of the 1900  levels would open 1930 next, further upside will aim the 1960  levels.

On the downside, support comes at the 1874  levels ahead of 1866 (main), losing this level on a daily closing basis will reverse risks towards the 1843/1830 levels before the next possible rise …

In all, as long as support 1866 holds on a daily closing basis, the outlook in S&P 500 index remains on the upside towards 1900  levels ahead of the 1930 levels, losing the 1866  levels on a daily basis will reverse risks towards the 1843/1830 levels…

S&P 500 Daily Forecast May 01 2014

 

MARKET DATA

UPCOMING ECONOMIC EVENTS