E-mini S&P futures a selling opportunity on more price weakness.
See on the daily bar chart for the S&P stock index futures that prices are in a four-week-old downtrend and on Monday hit a fresh two-month low. The bears are in near-term technical control and have downside momentum. A move in prices below 1,565.00 would become a selling opportunity in the E-mini S&P stock index futures. The downside price objective would be 1,490.00, or below. Technical resistance, for which to place a protective buy stop just above, is located at 1,600.00.
