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 been trending lower for 2.5-months and on Friday hit a fresh 3.5-month low. The bears still have the near-term technical advantage to suggest the path of least resistance for prices in the near term will remain sideways to lower. A move below technical support at Monday’s low of 1,360.40 would become a fresh selling opportunity in the S&P e-mini futures. The downside price objective would be 1,310.00 or below. Technical resistance, for which to place a protective buy stop just above, is located at 1,380.00.
