Emini S&P first support at 2873/72 again today

Jason Sen DayTradeIdeas.co.uk

S&P September contract

Emini S&P first support at 2873/72 again today but below 2870 re-targets 2867/65, perhaps as far as 2861/59 this time. Buyers are likely to try their luck here but longs need stops below 2855. On further losses look for 2852/51 then strong support at 2848/46.

Strong resistance at 2890/92 held yesterday. Further gains test minor resistance at 2900. Above here meets more important 4 month trend line resistance at 2910/12 before the all time high at 2916/17. Above here we look for 2921 & 2925/26, perhaps as far as 2933/35.

Author

Jason Sen

DayTradeIdeas.co.uk

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