Analysis

Emini S&P holding below 2780/78 targets 2775/74

S&P June contract

Emini S&P holding below 2780/78 targets 2775/74 & perhaps as far as support at 2772/71. Below 2767 signals a test of good support at 2764/63. Longs need stops below 2759.

First resistance at 2778/79 but above 2780 re-targets 2785 & 2788/89. Above 2790 look for a retest of the March high at 2800/02.

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