SP500 reaches highest level since February

SP500 reaches highest level since February 150 150 Realm

Technical Analysis emini S&P Futures (ES) 

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Monday’s session generated a higher Value Area and Aggressive Buying was marked. The low on 07/09 was a test of First Level Support at 3106.50. That held, and on smaller timeframe charts, e.g. 5 minue, the First Level Support has now moved up to 3202.50 (12mn poc). Price printing time below that level would now be first sign of weakness. Pre-open today ES has reachyed its highest level since February.

SP500 emini 21st July 2020 – click to enlarge

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