S&P E-mini Futures Eyes Record High

Market chart
Matt Simpson financial analyst
By :  ,  Market Analyst

In today’s video we update our bullish analysis on the E-min S&P 500 futures contract. And we highlight two scenarios to consider for today’s session, taking into account intraday trading activity and potential support and resistance levels.

As for yesterday’s video, silver hit our 24.40 target which was projected from the inverted head and shoulders target on the daily chart and bull flag breakout on the four-hour chart. We remain bullish overall on the metal although timeframe should be considered, as the daily chart is too close to key resistance level for the reward to risk ratio to be adequate around current levels. 

 

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  1. Open a Forex.com account, or log-in if you’re already a customer.
  2. Search for the pair you want to trade in our award-winning platform.
  3. Choose your position and size, and your stop and limit levels.
  4. Place the trade.

 

How to trade with FOREX.com

Follow these easy steps to start trading with FOREX.com today:

  1. Open a Forex.com account, or log-in if you’re already a customer.
  2. Search for the pair you want to trade in our award-winning platform.
  3. Choose your position and size, and your stop and limit levels.
  4. Place the trade.
Related tags: Trade Ideas SPX 500 Indices

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