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Emini S&P Needs A Breakout From 2-Week Range

Published 10/07/2016, 02:29 AM
Updated 07/09/2023, 06:31 AM

Emini S&P Weekly Chart

Emini S&P minor resistance at 2151/52 then resistance at 2158/59 but above here targets resistance at last week's 3 day high at 2165/68. We must breakout above 2 week highs at 2172/73 to test the December contract high at 2183/84 before the all time high 2189/2191.50.

Below 2150/48 targets 2142/41 before minor support at 2 week lows of 2136/33. More important 100 day moving average support below at 2131/30 has been perfect support all through September. A break lower however targets 2120/19, 2114 and perhaps as far as September lows at 2107 before the weekend. Below here meets more important support at 2100/2098.

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