Monday, December 19, 2016

Monday, December 19, 2016 Morning S&P Comments from Michael Blythe

Monday, December 19, 2016 Morning S&P Comments from Michael BlytheSocialTwist Tell-a-Friend




Good morning. Very quiet overnight in terms of range and volume. Today’s calendar is light as Chair Yellen address is not expected to be of market interest. The seasonality and being a Monday suggests that buying early weakness and holding into some upper target areas as a swing trade this week could work.


2273 (***) Pivotal

2268 (**) Third Higher Target + Better Resist

2264 (*) Second Higher Target + Fair Resist

2261 (*) First Higher Target + Small Resist

2256 (*) Early Pivot

2250 (**) First Lower Target + Support

2247 (**) Second Lower Target + Support

2243 (***) Third Lower Target + Bulls Must Hold

 

All the best;

Michael Blythe
Futures Strategist
Hamzei Analytics, LLC

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