WATCHING THE MARKET S & P 500

ES E-MINI Futures Daily Chart 9/25/19

Good morning traders, The market is undoubtedly changing. We are seeing some “prop” action from the Fed by injecting the market with Repos. On the Technical side we are seeing the S & P unable to make a New high on the Daily chart. The price action has pushed it back up to the 3020 tick area, but consolidated there before turning south breaking through previous resistance.

ES E-mini SP 500 future areas of interest

Looking at the chart above we can see twice the S & P not able to break resistance and is currently at a daily support area! This is an area of interest because the current eco-political climate could trigger some market trouble. With the Fed injecting the market and “impeachment” talks, we could see a downward trend in the ES.

One Reply to “WATCHING THE MARKET S & P 500”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s