SP500 report pre-open 27th Oct 2020

SP500 report pre-open 27th 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.

We wrote pre-open yesterday that price relative to 3435.5 (the 1 mn controlling price) was important to monitor, see highlighted comments on chart. The entire session was spent below that level in a weak position and the important poc Support at 3370.50 was tested, also mentioned. Monday’s Value Area was generated above that level and so far that Support has held. Time below the poc, which has migrated slightly to 3366.50, would indicate further weakness. Time above 3435.5 would indicate further strength.

SP500 emini 26th October 2020 – click to enlarge

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