Emini S&P: 8 Month Trend Line Support At 2125/24
Jason Sen | Oct 13, 2016 08:03AM ET
Emini S&P has important 8 month trend line support at 2125/24 today. Holding here targets 2131/32, then 2137/38. If we continue higher, look for 2142/43 then resistance at 2147/49. Try shorts with stops above 2153. A break higher targets 2158/59 then 3 day highs at 2161/63.
Longs at important 8 month trend line support at 2125/24 need stops below 2119. A break lower is a SELL SIGNAL!! We target the September low at 2107 then important Fibonacci support at 2100/2098. Try longs with stops below 2092. A break lower is another sell signal and targets 2088, 2082, 2074/73 and perhaps as far as strong support at 2065/63 for a buying opportunity this week.
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