Here are my zones I'm watching for the 30th July:

Resistance

1262-1263
1269.25-1270.25
1277.25-1278.50
1285.75-1286.75

Support

1257.50-1256.50
1250.50-1249.50
1242-1241
1233.50-1232.25

My Outlook

Well we certainly threw a curve ball yesterday as Oil fueled the market into a nice gain. It is in fact enough to have me assessing this as a 1-2-3 bottom for the moment. ...

jasont

Here is my journal for the 29th July:

Today we have the Consumer Confidence Index being released at 10am. So around that time I will try to remain pretty cautious of entering any new trades. Otherwise the rest of the day the market will be left alone from the influence of news. Right now we are trading at the 1240 area.

I will be looking for some possible weakness at the 1243.50 area through the Tick and/or volume. If we break that level I will test longs but still...

jasont

Here are the zones I'm watching for the 29th July:

Resistance

1243-1244.25
1250.50-1251.50
1262-1263
1269.25-1270.25


Support

1233.50-1232.25
1222.25-1221.25
1214.25-1212.75
1202-1200.50

My Outlook

The indexes all made a break lower yesterday with some decent force. Not much really to say which wouldn't be repeating myself from yesterday on that front. I'm still...

jasont

Here is my journal from the 28th July:

Today we have no major news releases so we are left to continue on from Friday. We are currently at the 1254 area and look to open in the 1250-60 congestion area. I am skeptical of any trades in this area so unless there are some clear signs for a short at the 1258 area I will avoid it. Otherwise long trades will be in play above the 1263 area. I am taking the casual approach again this week.

9:45 We have pressed above the 1258...

jasont

Here are the zones I am watching for July 28th:

Resistance

1256-1257
1262.75-1263.75
1269.25-1270.25
1277.25-1278.50

Support

1251.50-1250.50
1246-1245
1240.25-1239.50
1233.50-1232.25

My Outlook

At this point my view is neutral with a slight bearish bias. The charts are showing some downward mannerisms though the 1250 area has stopped the SP in its tracks twice now....

jasont