1300 Reached in the S&P Futures – now what?
|15 min ES|
The last two days have seen nothing but buying in the S&P futures 1280 – 1302 in the face of downgrades across Europe, ship wrecks, and terrible earnings from the likes of Citigroup. That being said, what is next? will the futures continue their move higher over 1300 breaking a downtrending line in place from a year or so ago (last time we were over 1300) or will we pivot slowly up here to head back down to the 1250 range? Gun to my head. ES fades off cash open, if 1297 does not hold pre cash open
|Daily ES. notice volume and lower highs.|