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Emini S&P: Try Shorts With Stops Above 2770

Published 03/05/2018, 07:16 AM
Updated 07/09/2023, 06:31 AM
ESM24
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Emini S&P Weekly Chart

Emini S&P first resistance at 2690/2700 should be key to direction today. A break higher targets minor resistance at 2735/37. If we continue higher look for 2755/60. Try shorts with stops above 2770.

Failure to beat first resistance at 2690/2700 targets 2680 and 2675 but watch the 100 day moving average at 2668/65 then 6 year trend line support at 2648/44. (This offered no support on the February collapse but held on Friday). Longs need stops below 2635. A break lower should be a sell signal targeting 2628/26 and 2620/28.

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