Wednesday, December 14, 2016 Morning S&P Comments from Michael Blythe
Good morning everyone. Very quiet overnight trade preparing for FOMC. The market doesn’t seem to be expecting much of a response today, and I agree. However, markets often times defy expectation.
2290 (***) TGT 4 + Resist
2282 (*) TGT 3
2274 (**) TGT 2 + Resist
2269 (*) First Higher Target + Small Resist
2265 (*) Early Pivot
2260 (*) First Lower Target + Small Support
2255 (*) TGT 2
2249 (**) TGT 3 + Better Support
2240 (**) TGT 4 + Support
2233 (***) Pivotal
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC