Tuesday, October 7, 2014

S&P 500 futures...some perspective

We failed this morning @ 1956, which happens to be both the 9 dma and the 100 dma.

Unless we can get above that 1956 level with a little volume and confidence, it looks like lower levels are in store.

1924.95 is the 150 dma and is sitting right on the long term trend line.

The 200 dma @ 1898 is begging for attention as well.

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