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Emini S&P direction is unclear

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 7, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Daily Forecast - 07 October 2015 S&P December contract Emini S&P direction is unclear but we are overbought short term & we are getting overbought on the daily chart. Although the last 5 weeks has seen a sideways trend, we are in a 4 month bear trend. Therefore I favour moves to the downside. A break below 1159 targets minor support at 1154/53 then better support at 1137/35. A break below 1130 however risks a slide to support at 1122/20. A recovery could target 1973/75 then

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