Emini S&P bullish breakout did not happen as we trade back below 2 week trend line resistance at at 2666/67 & last weeks high at 2670/72. A break above the 2 week high at 2677/79 would be needed to target 2687/89 before an excellent selling opportunity at 2694/97.
Having hit congestion yesterday we are turning lower to first support at 2648/46. A break below 2641 targets second support at 2631/29. A break below 2625 keeps the pressure on for 2618/16, perhaps as far as 2612/10 before the best support for today at 2607/04. Longs need stops below 2595. A weekly close below 2600 is an important sell signal for the start of next week.
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