$S&P;500 and NASDAQ COMPOSITE UPDATE

$S&P;500; and NASDAQ;COMPOSITE have registerd a very smart recovery from last weeks LOW.
We were closely monitoring major support zone of 4,650 on S&P and 14,400 on NASDAQ,
both INDICES went very close towards those supports and then recovered.
We were expecting MARKETS to break through its supports but they are still intact.
and as long as they are intact the rally is likely to keep extending further.
today we have an EVENT lined up,
Hens it doesn’t matters where MARKETS open,
thing which matters is where they closes.
On S&P 4,820 is a key level to watch.
above 4,820 it can test 4,900 and NASDAQ above 15,162 can test 15,500 on cash.
12th and 15th,JANUARY would be important CYCLE DATES so intraday LOWS of both dates would be critical.