Market price boom: is it really so simple – buy and maintain?

Market Leader informed

The Department of Market Trading offers you the key volumes and levels of S&P500 for defining the trend of the current trading week (starting from Monday, Oct 25th ).

S&P500 futures spent last week hesitating between the levels we mentioned earlier - 1180 and 1156. Yet since the beginning of this trading week the price has been showing steady growth, which testifies to the fact that the investors and traders are certain about their positions.


The market has turned positive again as the investors are excited while expecting further growth.
Nasdaq 100 has overcome the maximum of the year, which is close to an important tech level of 2008. It means the dynamics of hi-tech companies is positive.


The stock market is neutral even though last week there were ups and downs:


Since the beginning of this trading week (at the Asian session, long before the CME was opened) S&P500 “jumped” over the resistance level at 1180. At this point 1200 and the high of the year at 1216.75 are the only psychological levels on the way up.
Mid-term sales can be planned in case there is a technical retracement below the volume cluster of the 2 previous weeks at 1173.00 - 1176.00:


Total purchases of the futures on Friday up to the end of the trading day, when the volume of the week was concentrated at the levels 1175.50 - 1178.50, gave rise to maintaining the mid-term positions for shares and led to the price boom at the beginning of this week:


This week’s economic calendar:


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