In our last report published on Seeking Alpha, the sell 2 (S2) level for the E-mini S&P 500 was at 2872. The market was at 2830. The market continued the uptrend and reached a high of 2886.25. Our anticipated target last week was 2872. The weekly range was 2812-2872. The Variable Changing Price Momentum Indicator (VC PMI) artificial intelligence identifies the area of supply or resistance in red.
E-Mini Bullish Next Week
(Chart Courtesy: TD Ameritrade)
The E-mini reached 2886.25 and reverted down to close at about 2877.50, and as we come into this week,