SP500 report pre-open 23rd Oct 2020

SP500 report pre-open 23rd Oct 2020 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.

During Thursday’s session, Monday’s Selling Day low was tested briefly and ES rallied immediately. Price above 3494, Mon’s Selling Day high, would negate any ST negative implications of that imbalance.

A Value Area generated above 3435.5 (1mn poc) would be welcome, see yesterday’s highlighted comments on chart. Even better, would be Significant Buying (green) marked above that level. There is Support at 3387, the 1/2R off September high and price below that point would be a further sign of weakness.

SP500 emini 23rd October 2020 – click to enlarge

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