Emini S&P Daily Forecast: 12 September 2018
Jason Sen | Sep 12, 2018 01:20AM ET
Emini SandP strong resistance at 2890/92 held both days this week so far. Further gains test minor resistance at 2898/2900. Above here meets more important 4 month trend line resistance at 2910/12 before the all time high at 2916/17. A break higher is a buy signal targeting 2921 and 2925/26, perhaps as far as 2933/35.
Failure to beat strong resistance at 2890/92 once again targets 2885 then 2879/77 before support at 2873/72. This could hold the downside but below here retest 2867/65. A break lower this week targets 2861/59. Buyers are likely to try their luck here but longs need stops below 2855. On further losses look for 2852/51 then strong support at 2848/46.
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