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SP500 report pre-open 16th September

SP500 report pre-open 16th September 150 150 Realm

Technical Analysis emini S&P Futures (ES) 

Every day in our blog you can follow our short-term analysis of the most important financial instrument in the world.

Value Areas on Monday and Tuesday were generated back above the 3370.5 poc. That’s a stonger position. As we wrote pre-open Thursday we need to see “Significant Buying (green) marked above that level to consider new longs”. Markets are waiting for the Fed today but a Value Area generated above 3396.0 (15dy poc) would provide more evidence that the Buyers are re-establishing control in the ST. Cautious until that happens.

SP500 emini 16th September 2020 – click to enlarge

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