ES is Pressing on Key Support, Threatening Serious Technical Damage

If we step back and try to take a wider view of the enclosed ES (Emini S&P 500) chart, we can make the case that the pattern is putting increasing downward pressure on key Sept-Oct support at 2107, which, if violated, will have the potential of triggering a spike towards the lower-megaphone boundary line, now in the vicinity of 2064.00.

  Matched “”
x
Take Advantage Of Our Free
7-Day Trial, $71st Month Offer!
  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!