Emini S&P 500: Strong Support At 2072/71
Jason Sen | Jul 27, 2015 02:08AM ET
Emini S&P oversold short term now and has staged a recovery to minor resistance at 2077/78. A dip from here back to strong support at 2073/71 for another buying opportunity is possible this morning. However further gains meet stronger resistance at 2082/83. If we manage to beat this level look for a selling opportunity at 2090/91, stop 2096. Target1 @2084, T2 @2078.
Strong support at 2072/71 but longs need stops at 2067. Be ready to sell a break below here, with 2071/72 then acting as resistance to target 2061/60. If we continue lower look for 2054/53.
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