SP500 report pre-open 7th Oct 2020

SP500 report pre-open 7th 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.

Most of Tuesday’s session was spent above the 3387 Resistance (dashed line). Unfortunately, late in the day there was a sharp sell-off on news and ES closed below the 3370.50 poc, which is a weaker position. The session close was also below the low of Monday which negates any positive implications of the Aggressive Buying (green) marked on that day. We are still looking for confirmation that Buyers are back in control. The short-term (1mn) poc has migrated to 3354.50. Price relative to that level would be worth monitoring as a guide to ST strength/weakness. Pre-open ES has printed above 3380.

SP500 emini 7th October 2020 – click to enlarge

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