March 2019 S+P Future ESH have broken Above 45 Degree Angle Resistance Trend Line (Shown) an important technical development in overnight trading for 12/13/18
Futures have been rallying since right after the close of trading on NYSE on 12/12,on what appears to be a new defined angle of ascent higher (Noted) after retracing back to the initial 4 Hour Breakout point, in the 12/12 late afternoon selloff.
Asian markets are also rising in trading on 12/13. Overnight traders sensing some kind of tariff reduction between US/China could be announced before the end of the year, maybe front running the new front month March 2019 S+P Futures Contract,.. in anticipation
ESH 2680 Resistance Above,,could be offering first hints of a potential Head+ Shoulders Pattern building in S+P Futures if the rally were to continue.