S&P Futures At First Support

03/31/2009 9:30 am EST

Focus: COMMODITIES

Thomas Aspray

, Professional Trader & Analyst

chart

The daily chart of the June S&P futures shows that they have so far held above the 38.2% support at 767. Further, they were up in pre-opening trading Tuesday. The more important 50% support level is at 746-748, and a daily close below the 61.8% support at 729 would be negative. A daily close above 816 should reaffirm the uptrend.

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