S&P 500 Trading: Futures Move To Downside. 04 January 2016.

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S&P 500 Futures has moved to the downside after stabilizing below moving averages, attempting to clear 61.8% Fibonacci retracement.

S&P 500 Trading: Futures Move To Downside. 04 January 2016.

All eyes are on this level, as a break below it will weaken 2000.00 psychological and 1992.00 support respectively.

We are bearish on the index, reinforced by the negativity on RSI and ADX.

Support: 2000.00-1992.00-1983.00

Resistance: 2020.00-2032.00-2045.00

Direction: Bearish.