Today I take you through what happened this week and which two major price levels to be aware of. The two major price levels to be aware of in the E-mini S&P 500 futures market is the high of 1371.50 and Tuesdays low of 1332.75. If the high of 1371.50 is not only broken to the upside but the close can close above this level, I would expect the market to rally to 1400. If on the other hand the market can close below 1332.75 I would expect the market to move down to 1319 and then possibly down to 1305. I hope this short analysis helps you in your own trading.
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