Copy of S&P 500 Monday's Reference Points March 31, 2014 (Friday's Close = 1,850.00)

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Copy of S&P 500 Monday's Reference Points March 31, 2014 (Friday's Close = 1,850.00) by Mind Map: Copy of S&P 500  Monday's Reference Points March 31, 2014 (Friday's Close = 1,850.00)

1. Support

1.1. 1848 - 1850

1.1.1. Minor Support

1.1.1.1. Thursday's High (27-MAR-2014)

1.1.1.2. Upper boundary of the low trade cluster

1.2. 1832

1.2.1. Major Support

1.2.1.1. Friday's Low (21-MAR-2014)

1.2.1.2. Prior Major Support

1.3. 1822 - 1824

1.3.1. Maximum Liklihood Expectation Estimate

1.3.1.1. Sunday's GLOBEX Low (16-MAR-2014)

1.4. 1818

1.4.1. Extreme Price Excursion Estimate

1.4.1.1. 10-FEB-2014 Low

1.5. How To Buy Support

2. Resistance

2.1. How To Sell Resistance

2.2. 1885 1887

2.2.1. Major Resistance

2.2.1.1. Fractal Record High

2.2.1.2. Sell the retracement at major resistance 1885-1887.

2.2.1.2.1. The initial re-test of the high is typical the best short opportunity.

2.2.1.2.2. The initial re-test has the greatest likelihood of a pull-back: 5 plus points profit potential.

2.3. 1875

2.3.1. Near Term Resistance

2.3.1.1. The transitional break-out point above the upper quartile of the current trading range.

2.4. 1865 - 1867

2.4.1. Micro Intraday Resistance

2.4.1.1. March 13th High - Note - S&P Sold Down From 1,867

2.5. 1860

2.5.1. Minor Intraday Resistance

2.5.1.1. Lower Edge of the Upper Supply Cluster

2.5.1.2. Friday's High (28-MAR-2014

2.5.1.2.1. Fridays’ close suggest the most likely path is that price will auctions up to re-test Friday’s 1858-1860.

2.5.1.3. A break-out above Friday’s high establishes the S&P back to the upward price trajectory to re-test near term resistance at 1876

3. Current Range Mid-Point

3.1. 1853 - 1856

4. Current Probability Range

5. Recent Trade Opportunties