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S&P 500 E-Minis Testing Key Resistance Zone

EQUITIES

Note that Tuesday saw the S&P 500 e-mini contract close above its early May high, although it finished shy of best levels after it failed to consolidate above its 200-DMA (after a look above) and didn’t manage a real challenge of the downtrend drawn off its all-time high, located just above Tuesday’s high. A clean break above this resistance zone would open the way to the 2.00 projection of the Jun 17-Jun 28- Jul 14 price swing (4,345.75)

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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