Emini S&P Outlook Negative
Jason Sen | Feb 11, 2016 03:33AM ET
Emini S&P outlook is more negative today and holding below 1838 targets 1833/31. Further losses meet this week's lows at 1825/22. Below here targets 1814/13 before January lows at 1805/04. A break below here this week risks a slide to very VERY important longer term support at 1788/86. If this breaks it should trigger more panic selling and very steep losses.
Above 1838 allows a recovery to 1849/50. Gains look likely to be more limited today but above here re-targets 1863 then strong resistance at 1866/68 and the main challenge for bulls today. Above here however opens the door to 1878/1880 then quite strong resistance at 1886/88.
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