Scott_The_Chartist

S&P500 - What do the technicals say

Short
PEPPERSTONE:US500   US 500 Index
Watching the area around 3955, lots of confluence for rejection. Ill be throwing some chips in there if we get some good confirmations on the micro.
Solid close above 4100 however could set us up to see a grab up to the mid 4000's.
To me it appears we are getting near to some "not-so-ideal" news (but could get a bit more hopium in us first this week), see what shakes out. Again, even if CPI continues its decline down - it still aint over, just briefly changes the play. (look at previous NAS post)

Happy Trading - Stay agile

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