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kenmsax

S$P Futures Tagged 20-day sma

S&P 500 E-mini Futures (CME_MINI:ES1!)  
kenmsax Updated   
CME_MINI:ES1!   S&P 500 E-mini Futures
Moving Averages S&P 500 (SPX500) S&P 500 E-Mini Futures
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movingaverage spx500 es1!
Around 6:30 am EST something moved markets. ES tagged its 20-day sma and then sold off. This is an important level. Bulls will want to close over it to gain some traction. If successful, next resistance is 50-sma weekly at 4409. Bears will want to see this sold (good start) in hopes of a push lower through recent lows. Should be an interesting session.

Hourly Chart:
snapshot
Comment:
Prices pulled back to support on hourly — also 20-ema on 15-minute chart. Low risk area to start a position if your anticipating the bulls making another push today.
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