S&P 500 Update for 30/01/2015.......

S&P 500 Chart Updated for 28/01/2015 EOD.....

Sorry no update for 29/01/2015 from my data vendor till update....

29/01/2015 trading range 1989.18 to 2024.64......

watch the chart now low came it at old low zone shown by ellipses on chart.....

So short at 2008.61 to low of 1991 level covering was advisable.....

Reversal at 1991 should have been bought for back test of angle at 2008.61 and 2018.96....

So Profits would have been on 29/01/2015 at...

a) Short .... 2008.61 - 1991 = 17.61 points.....

b) Longs ..... 2018.96 - 1991 = 27.96 points.....

Total Profits at 17.61 + 27.96 = 45.57 points.....

Hard to Believe.... some many find it after the fact......

For what its worth look at those angles are there from last 2 months so on the chart......

So please do scratch your head.... and also please believe it......

Now whats ahead.....

Watch the level of 2018.96 critically for 30/01/2015.......

Below which again 1991 and down could be tested

More downside may lead to 1985.41 where next angle support is there.....

If we sustain above 2018.96 then we are 2028.94-2034.66-2042.29-2048.58..........

Please watch these levels given for gaining some profits.......


Happy Trading !!!

Analysis given with mandatory disclosure given on site on 03/12/2014.
Please read it before taking any trading decisions.......