Blake Robben of Archer Financial Services technically analyzes the stock market on a monthly basis to come up with an objective strategy for trading S&P futures during 2015.
As we begin 2015, there are plenty of opinions on this year's potential stock index futures market returns. The median forecast is around a 15% gain for 2015. Do you really put any faith in a financial markets commentator's opinion whose apparent job is to be market cheerleader, a permabull perhaps? Investors are getting drunk on 25% returns over the past three years. Why should this year be any different? Well, let's technically analyze this market on a monthly basis and come up with an objective strategy.
S&P 500 Futures—Monthly Continuation
Chart provided by QST
Click to
Enlarge
Bottom Line Analysis:
Key off 2036 as the long or short trigger event. On any close above 2036 for S&P 500 futures, look for monthly resistance points to be upside targets. Conversely, if closes are below 2036, look for monthly support levels as downside targets.
By Blake Robben of Archer Financial Services
