Over the past several months the emini s&p futures has continued to push higher with times of horizontal consolidation. You can see these areas in the chart below highlighted in gray. It seems that the market is once again in one of these horizontal phases. Within this consolidation you can also see a small wedge [...]
The markets recovered from a morning sell-off to close only slightly lower with the nasdaq in positive territory. Banks were on the weaker side with semi-conductors and materials positive. Last week we had talked about near term support around 1268 on the ESH1. Now that we are below that level, it seems to be acting [...]
Today the dow and s&p were slightly lower aside from the rise in the nasdaq which seemed to be supporting the markets. Oil was also weak, but did not put much pressure on others like gold and silver. It looks like we can add another support area for the ESH1 momentarily as 1268 continued to [...]
The S&P was little changed today after a large drop in oil, gold, and other commodities. The ESH1 did stumble a bit in the morning but climbed its way back after the FOMC minutes were released. The levels from yesterday remain the same. Well will keep a close on the commodities to see if the [...]
The emini s&p futures continued the slow move up from December right into the new year. The move was led by the housing and banks stocks with commodities on the weaker side of the sectors. With the markets sitting at new 2 year highs, there is not much technical resistance above. Plenty of optimism has [...]
Emini Report would like to wish everyone a great Holiday season. We will be back posting at the start of the new year.
The emini s&p futures were up again today ahead of the important Friday unemployment report. We were closing in on the 1125 area which will be the nearest resistance for bulls. Any convincing break of that level could bring in a new batch of buyers, pushing the markets up even more. If the futures were [...]
The emini s&p futures were up again today ahead of the important Friday unemployment report. We were closing in on the 1125 area which will be the nearest resistance for bulls. Any convincing break of that level could bring in a new batch of buyers, pushing the markets up even more. If the futures were [...]
As we talked about on Monday the emini s&p futures have been in a horizontal trading phase over the past couple weeks. With the large up move today, we are currently sitting at the very upper end of the range, seemingly close to breaking out. We talked about 1171-1172 being support which held up again [...]
The emini s&p futures continue to trade in the horizontal phase it has been in for two weeks. This morning we bounced off the 1172 support again and traded up back into the middle of the range. Below is a daily chart of the emini s&p futures where you can see this range with support [...]
