Emini S&P: Bulls Back In Control
Jason Sen | Jan 05, 2017 04:04AM ET
Emini S&P bulls back in control and holding above 2260/62 targets 2268/69 before the 2273 March contract high. A break higher targets the all time high at 2278/79. On further gains look for 2291/92 and 2300/02.
First support at 2255/56 could hold the downside but below here risks a slide to 2242/41. Longs need stops below 2236 but further losses target 2232 and 2228. If we continue lower strong support at 2220/18 could end this correction phase.
Look for the bull trend to resume and use this as a buying opportunity with stops below 2210. A break below 2210 however is a short term sell signal and initially targets 2200 but we could eventually see 2182/80 for an excellent buying opportunity this week.
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