CBOT S&P 500 Minis (ES0Y)

Unless S&P 500 futures somehow find the strength to breakout above 1333 this week, chances are it will retrace to 1299.

Trade View
• Closing on a key day chart trend support at 1320, there is a decent chance of a pullback to 1300 or so, and if issues in the MENA region escalate, 1270 or so can’t be ruled out.
• It has however been hard to short US Index futures for anything longer than an hour or two, with 1317, 1314 and 1311 seen as immediate supports.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: