October 18, 2016

S&P 500 Futures analysis after closing bell

  • ES Bulls continues to hold above the support zone between 2100 - 2120. Bullish structure in bigger time frame like weekly chart will continue to remain strong if price stay above the support zone.
  • Daily time frame shows little weakness as price stay below 100 Day SMA. Bears need follow up here by breaking below 2100 for bigger falls to happen.

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