E-mini S&P bottomed exactly at the best support for this week at 2540/30 returning up to 120 points in just a few hours. I hope you jumped on this epic trade!! I got out just above 2660/70 but we are holding above here today. A very bullish candle tells us further gains are expected targeting 2700/05 & strongest resistance today at 2745/50. If this holds it could signal the start of a bear market. You need a wide stop above 2765.
Failure to hold above 2660 risks a slide to 2647/45 & support at 2635/33. The downside is expected to be limited but below here look for strong support at 2615/10. Longs need stops below 2595. On a break lower look for 2565 then an excellent buying opportunity at 2540/30.