SP500 report pre-open 21st Oct 2020

SP500 report pre-open 21st Oct 2020 150 150 Realm

Technical Analysis emini S&P Futures (ES) 

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Value Areas on Monday and Tuesday have been generated below 3479.0, the minor (12day) controlling price, see Monday’s highlighted comments on chart. Aggressive Selling (red) was marked on Monday. This is a weaker position in the ST. I’d want to see ES back above that level before entering new longs. There is Support at 3387, the 1/2R off September high and price below that level would be a further sign of weakness.

SP500 emini 21st October 2020 – click to enlarge

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