March E-Mini S&P Futures a Selling Opportunity on More Price Weakness

See on the daily bar chart for March e-mini S&P futures that prices have sold off sharply recently, to produce near-term chart damage and to give the bears downside technical momentum to suggest more downside price pressure coming. A move below chart support at Tuesday’s low of 1,961.50 would become a selling opportunity. The downside price objective would be 1,850.00, or below. Technical resistance, for which to place a protective buy stop just above, is located at 2,000.00.

121714.jpg