SP500 Futures H4

General overview for 04/03/2014 13:15 CET
One more push higher is needed to complete the impulsive wave sequence. Target is the level of 1883 – 1886. Please notice the descending momentum on AO oscilator as a typical bearish divergence  is forming between wave 3 and wave 5.

Support/Resistance:
1886 – WR2
1883 – 1886 – Target for wave 5.
1869 – WR1
1866 – All Time High
1845 – Weekly Pivot
1833 – WS1
1809 – WS2
1801 – Techncial Support
1795 – WS3


Trading recommendations:
Be carefull with opening large buy positions at this level due to the facet the trend is mature and impulsive cycle is about to be finished.

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