September E-mini S&P Futures a Selling Opportunity on More Price Weakness
See on the daily bar chart for the September e-mini stock index futures that prices have taken a steep turn south, hitting a two-month low and producing a bearish monthly low close last Thursday. The bears have quickly gained downside technical momentum. A move below solid chart support at this week’s low of 1,910.50 would become a selling opportunity. The downside price objective would be 1,850.00, or below. Overhead technical resistance, for which to place a protective buy stop just above, is located at 1,935.00.
