Emini S&P 500 Likely To Trade Sideways This Week
Jason Sen | Feb 12, 2019 02:21AM ET
Emini S&P I think we will trade sideways this week. Above 2711 meets resistance at 2715/16. If we continue higher look for 2722/23. We topped exactly here. A break higher could retest the high at 2735/38.
Minor support at 2705 and 2697/94 but below here targets 2685 and 2680 before support at 2675/72. A bounce from here is likely. Longs need stops below 2666. A break lower targets 2650/48.
Nasdaq first resistance at 6940/50. A break above 6960 targets 6971/73 and resistance at 6995/99.
Failure to beat 6940/50 targets minor support at 6917/15 then better support at 6885/75. A break lower however targets 6860/57 and then last week's low at 6842/40. A break lower this week targets 6830/25 before strong support at 6805/00.
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