S&P 500 Daily Forecast Sept 04 2014

Outlook in S&P 500 index remains on the upside as long as support 1991 holds on a daily closing basis , resistance comes at the 2019 levels , a halt is likely , but a break would open 2054 next , further upside will aim the 2092 levels..

On the downside , support comes at the 1991 levels , losing this level will turn outlook neutral for retesting the 1960/1937 levels before the next rise…

In all, as long as support 1991 holds on a daily closing basis , outlook in S&P 500 index remains on the upside towards the 2019 levels ahead of the 2054 levels, below the 1991 would delay the bullish move for retesting the  1960/1937 levels before the next rise…

 

S&P 500 Daily Forecast Sept 04 2014

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