December E-Mini S&P Futures a Selling Opportunity on More Price Weakness
See on the daily bar chart for the December E-mini S&P futures that prices have backed down from the recent high, and a rare and bearish broadening pattern has formed. These patterns are suggestive of market tops being in place. The bears are fading. A move below chart support at Monday morning’s low of 1,955.75 would become a selling opportunity. The downside price objective would be 1,890.00, or below. Technical resistance, for which to place a protective buy stop just above, is located at 1,985.00.
