Equities February 05, 2019 / 12:53 pm UTC

US Chart Mar SP 500 (E-Mini) Update: 200-day Moving Average up Next

By Rob Zukowski
Chart
--Level
Comment
--Level
Comment
R12728
intraday high
S12711*100-day MA
R22735
30 Nov low
S22688*TL level
R32740
break level
S32613*50-day MA
R42751**200-day MA
S42600*break level

Asterisk denotes strength of level

12:50 GMT - ESH9 now looks to be taking a shot up to the 200-day moving average resistance at 2751 for today and then will see what happens there as the stock market bulls remain in full control for now. We certainly cannot fight the bull crowd right now, at least until we see the first really big reversal day back to the downside. For now, support is seen at 2711 to 2688.

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