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Emini S&P Daily Forecast - 17 September 2018

Published 09/16/2018, 02:00 AM
Updated 07/09/2023, 06:31 AM

Emini S&P

Emini S&P rising trend line resistance is now closer to the all time high at 2916/17. A break higher is a buy signal this week targeting 2921 & 2925/26, perhaps as far as 2933/35.

We may be starting a sideways trend to consolidate gains over the summer, which would be characteristic of of a bull market. Downside should be limited therefore with first support at 2902/00. Below targets 2897 then better support at 2895/94. Try longs with stops below 2889.

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