Forex Outlook 2010
Economic Analysis Day Trading News: S & P 500 June 24, 2010
Understanding of market direction and activity economic lead to profitable trades. Keeping with our live news feed with TraderMongers.com!
S & P 500 pins
The Federal Reserve kept interest rates at historically low short-term, however, lowered its forecast for U.S. economy. One of the issues to be addressed is the shadow of inflation. "This type of inflation is to sneak into the U.S. economy, and slowly, hindering recovery economic. The S & P 500 is currently continuing to trade below moving averages, Fibonacci number of 5-minute chart. After today FOMC announcement the market lower in the S & P 500 even slightly higher in the Dow Industrials.
In the daily chart S & P 500, are between 144 and 200 days moving averages of 1110 and 1087. Do not expect large movements, unless out of this trading range.
– If you break above 1110 then expect that the levels of resistance in January 2010 from 1125 to curb the market in those summer months of low volume.
– If we below 1087 then be careful not to raise funds in the market as can be expected to go even lower due to the slowdown in manufacturing, the increase in jobless claims, the European debt crisis, and "fears of falling flash other '
The Chicago Board Options Exchange (CBOE) Market Volatility Index (VIX) measures the activity of choice in the market and is widely used to track the S & P 500. A common strategy of trade for traders and investors VIX includes a level of 30 or more means an immediate change of the shares in cash. Traders and investors are withdrawing from the markets and the search for security and protection in U.S. Treasuries, gold and the dollar.
The volatility index is market currently between 30 and 25, which usually means that traders and investors are shifting money to riskier assets like stocks and other financial instruments. We have said before that we'll be in a trading range before the FOMC announcement.
If it breaks the volatility to level 25 then markets show a direct investment inflows. The level 25 is a higher level of index support CBOE market volatility, as is the convergence of the 144 and 200 days average mobile.
This index must break down below 25 or above 30 rebound for markets to show a coherent and dynamic way. Today's announcement of the FOMC kept within a range between 25 and so probably we will stay within this range throughout the summer 30 months due to its low volatility.
Summary of main pivot levels
1219: S & P 500 52 Week High
Natural Technical Levels Support and Resistance
1125: January 2010 Resistance Level
1100: Natural Support Level
1075: Level of natural support
Levels 5 minute chart Technical
1098: 144 Day Moving Average Fibonacci 5-minute chart
1101: 200 Fibonacci Day moving average of 5 minute chart
Daily Technical Levels minute chart
1110: 144 Fibonacci Day moving average on daily chart
1088: 200 Fibonacci day moving average daily chart
Tuesday Economic Calendar
Orders for durable goods / 8.30 AM
Jobless claims / 8.30 AM
Report of Natural Gas / 10.30 AM
Resignation
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About the Author
Shamim Ziyaaudhin is one of the editors of TraderMongers.com a one stop trading news feed source for worldwide traders and investors. Their philosophy is to establish the standard for providing market news feed that is comprehensive, accurate, and concise. Providing technical and fundamental trading setups, economic numbers, and calendar events throughout the trading day. Shamim has a Masters in Business Administration from Fairleigh Dickinson University and holds a degree in Psychology from Rutgers University. Click here to subscribe to Tradermongers E- News
Forex Outlook 24 May 2010