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.

Published by Eric Jobb

Hello everyone, my name is Eric and I am the founder of TheFreedomGrind. I love to trade stocks and futures, It's my passion, and I will never go back. I have taken time, money, and energy learning the market. There is no secret trick, no gimmick that will get you closer to being profitable. It will take time, money, and energy to make gains as a day trader. I created the blog and the YouTube channel to provide as much useful information about trading to anyone who has the desire to become a trader.

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