Alternate 24-Hour Trade
S&P 500 Price ActionStrong buying activity was seen at 1330 on S&P 500 trade in April and May. The market has moved lower and broken this major swing point area, and will now be closely monitored. Market alerts and updates will be sent to subscribers when price action moves look to be sustainable. Main S&P500 support: 1295. Main S&P500 resistance: 1340. Daily trading range on S&P 500 is 16 points, which is above the historical norm and indicates that volatility is increasing, in low-volume markets.
ETF Price ActionThe SPY trade ran into a wall of resistance in April and May at 134.00, which will now be very difficult to break. The trade desk will pay close attention to price action as the week unfolds, and expects a lot of price gaps to form between each session open and close. Volatility will build if the pattern of Asian and European trade moving S&P 500 futures valuations overnight continues. Main SPY support: 131.00. Main SPY resistance: 134.00. TheLFB trade desk generates trade signals that highlight specific price points to trade from, and market alerts that highlight sentiment changes in global markets. TheLFB provides 24 hour market support for traders, investors, and institutions. Service offerings include analysis of three asset class areas:
- Foreign Exchange (Dollar Index, EUR, GBP, AUD, CHF, CAD, JPY)
- Equity indices and ETFs (SPY, DIA, GLD, SLV, USO)
- Commodities (Gold, Oil, and Silver)