E-Mini S&P 500: slight decline but the main trend is bullish

For today trading session the technical overview is neutral within a strong bullish main trend. The price is above the 14 days moving average (SMA value is 2038.48).

E-Mini S&P 500 yesterday close was at 2057.50 (-0,37%). Today trading session technical overview is neutral within a strong bullish main trend. The short term view leaves assume a price movements between support and resistance levels. Many leading oscillators confirm the positive trend.

E-Mini S&P 500 main trend bullish

View the interactive chart on ProRealTime.com

Simple Moving Average (SMA)
The price is above the 14 days moving average (SMA value is 2038.48).
Volumes
Daily chart shows volume is lower than the previous day. This could be a sign of a significant move to come.


Support and Resistance levels
7, 15 and 30 trading days Performance. Support, Resistance and Pivot Point levels. Last updated closing price: 04/04/2016.

Performance: 7 trading days= +1.43% – 15 trading days= +2.40% – 30 trading days= +6.26%

Resistance levels: R1= 2068 – R2= 2078.25 – R3= 2095.50
Pivot Point: 2061
Support levels: S1= 2050.75 – S2= 2043.75 – S3= 2026.50


Buying opportunity above 2065.25 targets minor resistance at 2073.75 and perhaps as far as strong resistance at 2079.75, where sellers could regain control. Above that level it could trigger an acceleration to the upside with the next target at 2101.50.

Selling opportunity below 2049 targets minor support at 2041.25 and perhaps as far as strong support at 2035.25, where buyers could get back into the market. Below that level we could expect a bearish downward movement with the next target at 2012.50.