Stock exchange news. S&P500 future has remained within 1100.00 - 1200.00 technical channel, but passing its border lines can become a strong signal for the opening of unidirectional positions. In addition, the annual minimum technical level was proved after a decline to 1077.00 in August.
Analytics of Department of Futures Trade and Stock Exchange claim that market profile and volume profile indicate the location of major interest more exactly, at the same time determining the current market motion:
Market and volume profile has indicated another strong level of position concentration, namely, 1156.00 - 1157.00:
Last week cluster analysis has indicated no large-scale reversal, although the week passed within “green” buying zone:
If to consider weekly alterations of S&P500 index sector-wise, market growth was mostly achieved due to industrial, raw material, and service sectors:
Main economic indicators for the current week:
Protest actions against financial manipulations at the US Wall Street continue. Computer hackers have even promised to break the System of Stock Exchange Data Collection and Transmission. We sincerely hope that this will not happen; otherwise, if anything happens at the market, the guilty party will be found quickly.
Consequently, it is worth to continue fixed-step trading during the day and choose position trading when acting higher than 1200.00.
