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Emini S&P: First Support At 2469/67 Is Key To Direction

Published 08/09/2017, 09:35 AM
Updated 07/09/2023, 06:31 AM
ESZ24
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Emini S&P Weekly Chart

Emini S&P first support at 2469/67 is key to direction. Failure to hold above here targets 2464/63 and support at 2458/56. Watch for a bounce from here in the bull trend but longs need stops below 2451. Further losses target 1247/46 but look for a buying opportunity at 2439/37.

Holding first support at 2469/67 allows a recovery to 2472/73 and 2476/77, perhaps as far as minor resistance at 2481/82. Above the new all time high at 2488/89 targets 2496/99 but we meet important resistance from the rising longer term trend line at 2510/15.

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