Emini S&P 500 Reaches 2122 Level
Jason Sen | Jun 23, 2015 01:39AM ET
Emini S&P failure to beat all important September contract high at 2126 leaves the outlook neutral/negative. First support at 2108/07 should hold the downside initially at least but if we see a break lower look for a move towards support and a buying opportunity at 2100/2099. Longs need stops below 2093. A break lower risks a slide to 2085/84 for a buying opportunity with stops below 2079.
All important resistance at September contract high at 2126 but a sustained break targets resistance at the more important all time high at 2134. Obviously we need to clear this to put bulls firmly in control.
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