Emini S&P makes a low for the day at the support

Jason Sen DayTradeIdeas.co.uk

Emini S&P futures stopped just short of the 4956/59 & collapsed 100 ticks from the new all time high.

There were buyers at 6882 then at 6868 & finally at strong support at 6850/40 as expected, with a low for the day just 1 point above here.

A good 53 point bounce shows there are buyers on a correction.

A break above 6905 targets 6915/25.

Above 6930 retests the all time high at 6948/53.

On a break higher look for 4977/80.

Strong support at 6850/40 again today & longs need stops below 6825.

Author

Jason Sen

DayTradeIdeas.co.uk

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