Emini S&P: Bulls Need Prices To Hold Above 2573/74
Jason Sen | Nov 16, 2017 03:32AM ET
Emini S&P holding below 2564 targets an excellent buying opportunity at 2554/52. Stop below 2548. An unexpected break lower however targets strong trend line support at 2542/40 and a good chance of a bounce from here, perhaps a low for the correction (would be about 2%).
Minor resistance at 2568/69 but bulls need prices to hold above 2573/75 to be back in full control. We then target 2581/82 before resistance at 2585/87. Above here in the short term sideways allows a retest of the 2592/94.50 all time high. Above 2595/97 targets 2603.
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