September 12, 2016

S&P 500 Breakout getting tested

  • Immediate level to watch out is 2098. If that is not held price moving towards 200 SMA.
  • Bulls need to get back above 100 SMA to pause this fall.
  • Weekly chart shows price challenging the larger breakout. If ES daily falls below 200 SMA this time then the breakout is gone.

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