Current floor in the market looks to be around 2670. Market can be traded long with stops below 2670 in my view.
Ok to give it the run down - I`ve been watching these indices for sometime now and to my accredit evaluation of the Dow Jones 30 - S&P 500 - FTSE 100 indices all of the aforementioned have been arriving at An Overbought Value State for sometime now - I think that this was per- ending 2017 - Its because the trends are moving so slow that I think that people forget where the Trend will end - And due to the Market Participants have been at it for the past 9 years within the Uptrend Phase they tend to get forgetful - This Current Phase of Large Monthly Chart Spike Down Low appearing on 29th/01/2108 may just act as A Warning that in fact these Indices have arrived at the Monthly Chart Highs so closer Monitoring & Evaluation is needed here before Pulling the Plug from out of the socket as it were - So the Low Side should prove as on equal interest this will all depend on who is trading the Derivatives at present time and as to traders risk appetite. - As added Advise - I do not trade this type of Derivatives myself because I can simply see that the lengths across A Good Support Level ending At A Good Resistance Level is far to long regarding Human Consumption Or as to the needs of the Forex Retail Consumer to put it another way.
Disregard what - You are not the only one to speck on this forum - But I can see by this time you are thinking that you are. - Only a fool lays claim to what will not hurt & to you its hearing the truth. - Have the years on earning nothing instilled into your very bones. - I will not listen or pay attention to he that objects me - Is that it Little Boy.