Tuesday, June 16, 2015

S & P 500 Futures rally into resistance

2089 should present a test to this bounce in the form of resistance, especially with the 9 dma right above @ 2090.42.

Nimble longs who got in @ 2062  would be smart to lighten up here.  You can always reload lower and capture some alpha in the process.

Fast money traders could play for an afternoon roll here @ 2089 but the 50 dma above @ 2101 would be a better spot to put on some shorts.

No comments:

Post a Comment