S&P through 2737/35 hitting next targets of 2727/25
|S&P December contract
Emini S&P through 2737/35 hitting next targets of 2727/25 & the October low of 2714/12. As I write this is holding but outlook remains negative & further losses are likely for 2700/2698 & June low at 2695/93. On further losses look for another potential 20 point loss to 2678/75.
A recovery looks less likely, but if seen targets first resistance at 2725/2727. On further gains look for 2732/33 then strong resistance at 2737/39. Above 2743 allows a recovery to 2746/47 & strong resistance at 2753/55.
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