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Monday, May 11, 2015

SPX - INDX - Futures - Weekly Trading Levels - 11 May 2015

SPX - INDX

Best buy & support @ 2086, Resistance & best short level @ 2097.70 (Current supp), A break above 2109.40 Upside capped @ 2134 - 2146. However, a crack below 2074 downside capped @ 2050 - 2038

S&P500 Futures

Best Buy & Supp @ 2079, Resistance & best short level @ 2092.80 (Current supp), A break above 2106.60 upside target capped @ 2138 - 2150, However a crack below 2065, Downside capped @ 2035 - 2022

Trading Tip for the week: If a Gap does not fill in the first hour & half of trading in the stock market it usually just keeps going in the direction of the gap.

SPX Gap before Break Out capped @ 2079 - 2086
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