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Emini S&P needs to short term recovery to unwind oversold conditions

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 12, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Daily Forecast - 12 January 2016 S&P March contract Emini S&P needs to short term recovery to unwind oversold conditions but will need to break & hold above 1922/23. A break above yesterday's high at 1929 should confirm a move towards strong resistance at 1936/37 & the main challenge for bulls today. Try shorts with stops above 1942. A break higher however sees 1936/37 act as strong support to target 1946/48, perhaps as far as strong resistance at 1952/53. Failure to beat first

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