E-mini S&P futures a buying opportunity on more price strength.

See on the daily bar chart for the e-mini S&P futures that prices are in a 4.5-month-old uptrend and the bulls still have the overall near-term technical advantage. A move above technical resistance at Friday’s high of 1,434.40

would become a fresh buying opportunity. The upside price objective would be 1,470.00 or above. Technical support, for which to place a protective sell stop just below, is located at Monday’s low of 1,416.30.

TP_101512.gif