Intraday Elliottwave Analysis: S&P500 Emini Futures, near term remain bullish

Yue Wang LinoCapital

SP500 Emini Futures consolidated above daily Ichimoku cloud.

It is a 5 wave up from 2591, ideally target 2754/88 at least.

If today close below 2706, will re-enter a consolidation phase.

Close below 2650 will negative this view.

Daily support Levels: 2719 2716 2712 2706 2703 2699 2692

Daily resistance Levels: 2728 2732 2739 2743 2753

Intraday Trade Idea:

Sell Latentinterest Order: 2753

Buy Latentinterest Order: 2712

Click on the image to enlarge

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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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