June e-mini S&P futures a selling opportunity on more price weakness.
See on the daily bar chart for the June e-mini S&P futures that prices have backed well down from the recent record high and the bears still have some downside near-term technical momentum. A fledgling downtrend line is in place on the daily bar chart. A move below chart support at 1,830.00 would give the bears some fresh downside momentum and it would also become a selling opportunity in the e-mini S&P futures. The downside price objective would be 1,760.00, or below. Technical resistance, for which to place a protective buy stop just above, is located at 1,860.00.
