The Traderszone Network

Published in TZ Latest News 12 October, 2014 by The TZ Newswire Staff

Sunday Wrap

Futures are currently lower. Nazz -.04%, S&P futures -.05% at 1865 Dow futures -.045%.

The SPX is now down about 5.5% from the intraday highs to Fridays close. The daily charts have snapped, so looking at the weekly charts is probably more constructive at this point.

Short term support is  1901 and 1869, with resistance at 1929 and 1956.

On the weekly SPX chart I think good support comes in at, or just below the 50 day moving average. That’s not far at all.

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