Emini S&P Resistance At 1809

Published 12/02/2013, 07:23 AM
Updated 05/14/2017, 06:45 AM

Emini S&P Dec13 beat 1810 to reach for our next target of 1813/14 but topped half a point below. 20 month trend line resistance as you can see in the chart above is holding us back as we dipped towards support at 1801/00. Watch 1803 today with a break lower likely to target 1798, possibly 1794/95 for a buying opportunity.

Immediate resistance at 1809 then all time highs at 1812/13. Above here we could stretch to 1816.
Emini S&P
Weekly outlook: Do not fight the bull run no matter how overbought we become until we get a sell signal. If we beat 1813 look for 1818/19 then 1823/24. Good support at 1795/94 then 1783 this week.

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