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Emini S&P: Longs Are Too Risky

Published 02/20/2018, 06:29 AM
Updated 07/09/2023, 06:31 AM

Emini S&P Weekly Chart

Emini S&P worth trying shorts on any strength and particularly in the 2745/55 area with stops above 2770. If I am right we target first support at 2725/23 (tested yesterday and only just held). Below 2719 then targets 2713/11, perhaps as far as support at 2703/00. Longs are too risky. Further losses target 2692/90 then the best support for this week at 2668/62.

Try shorts at 2745/55 with stops above 2770. A break higher however is a buy signal. Reverse back in to longs targeting 2780/82, 2789/90, 2794/96 and 2801/03.

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