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.

Pressure on the S&P

Let’s notice that the e-Mini S&P 500 has “returned to sender” and is looping down to revisit this morning’s low at 846.75, which if violated should trigger a sharp downside follow-through that has as its target a test of the nearest-term support line, now at 839.50.  If the trendline is violated and sustained, then let’s expect even more intensive pressure that presses the e-SPM for a test of critical support at the 4/21 low of 823.00 –- or near 82.75 in the S&P 500 Depository Receipts (AMEX:  SPY).

  • 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!