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S&P 500 Approaching a major resistance

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    S&P 500, Weekly In my previous report from September 7th I took the view that ES (S&P 500 e-mini future) will not go below 1813 over the coming weeks. I also said that I’d be closing shorts and opening longs at around 1850 support while ES was trading at 1933 at the time. This worked out very well. Price retraced to 1860 where it pivoted and has been rallying since. I also predicted that this rally will take ES to 2046 resistance. We are at the time of writing 24 index points away from

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