Emini S&P 500 expectations.

[malaspina]

Price going down. Let´s wait for the close. Not much strength so far.

 

[malaspina]

Price reaching support level at 2529 again. This price level is key to watch.

 

[malaspina]

This is how ES has closed, now comes the extended session. It will be key, if this level at 2529 does not hold it could be the spark to a new wave downward. Be ready.

 

[malaspina]

Take a quick look:

 

[piezoe]

No signs of a turnaround. Some rather unenthusiastic buying the last hour.

 

[malaspina]

No signs of a turnaround. Some rather unenthusiastic buying the last hour.

Let´s wait a bit. Support is holding yet but I saw weak bulls. Who knows...

 

[malaspina]

There is a small MACD / PRICE DIVERGENCE in the 4 hours chart. Let´s wait for price action to confirm. Support might hold ...

 

[malaspina]

Price is going up a bit, buyers in action, wait for the next move down to see if support will hold again. Tricky area.

 

[malaspina]

Green (buyers) action. MACD / PRICE divergence proving itself once again. The game continues, interesting....

 

[malaspina]

I waited until now to post this. Now after the afternoon crash, comes the moment to see if this wave downward will continue. Support did not hold the wave of sellers, now if price bounce off the new resistance at 2529 a flash move down is likely to happen.