S&P Futures Forecast : Struggling At Resistance

Published 06/18/2014, 07:47 AM
Updated 07/09/2023, 06:31 AM

E-mini S&P Technicals

E-mini S&P saw a high for the day at 1935/36 as we struggle at this resistance this week. Above 1936 is more positive today for a test of Thursday's high at 1940/41. A high for the day possible but above here the all time high for the September contract at 1947.25 could be tested. If we continue higher this week, look for 1951 then all time highs at 1954.75.

Immediate support is 1927 but below here risks a retest of 1919/17 for a buying opportunity. A break lower looks less likely this week but if seen could target good support at 1913/11 then a buying opportunity at 1309/07.

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