Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

ES is Pressing on Key Support, Threatening Serious Technical Damage


Tuesday November 1st, 2016
ES is Pressing on Key Support, Threatening Serious Technical Damage
by Mike Paulenoff www.MPTrader.com

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.

Take Advantage Of Our Free
7-Day Trial, $7/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!