Emini S&P Daily Forecast: May 16, 2018
Jason Sen | May 16, 2018 07:21AM ET
Emini S&P 500 Futures correction in the short term as predicted to a buying opportunity at 2708/06, with stops below 2700. A break below 2695 however is a short term sell signal targeting 2686/84. Watch for a bounce from here on the first test, possibly back up to 2695/99. Longs need stops below 2680 & a break lower targets 2675/74.
Holding above 2708/06 allows a recovery to first resistance at 2620/22. Watch for a high for the day. A move above 2726 however targets 2735 before a retest of 2740/41 & minor resistance at 2743/45.
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