E-mini S&P futures a selling opportunity on more price weakness.
See on the daily bar chart for the E-mini S&P futures that prices have backed well off the recent high, negated an uptrend line, and on Tuesday hit a fresh six-week low. The stock index bears have gained fresh downside near-term technical momentum just recently. A move below technical support at 1,400.00 would become a fresh selling opportunity. The downside price objective would be 1,340.00, or below. Technical resistance, for which to place a protective buy stop just above, is located at 1,435.00.
