Wednesday, September 29, 2010

Late Night S&P Futures Update (SPY)


Fairly quiet on the battle front tonight, no real ramping to report on. Though we did get a bit of an up tick around the 8 o'clock hour. The futures have seen heavier offers tonight ahead of tomorrow and Friday's economic numbers. Though most of these "forward" indicators seem to mean nothing, they are still fun to trade.

Resistance being 1142.25
Support 1137.75

Tomorrow's economic calendar

8:30 amJobless claims9/25 460,000465,000
8:30 amGDP revision2Q 1.6%1.6%
9:45 amChicago PMISept. 55.0%56.7%