E-mini S&P 500

April 15, 2020 17:21EST

E-mini S&P 500 - June contract

CLOSING COMMENTS:

The bulls are limping but never ever forget that a wounded animal is twice as dangerous as a healthy one...It was quite a bull goal line defense for two hours, not allowing the ball to enter the end zone (not reaching 2750.00 ) although coming off the bottom at  2751 the bounce was quite weak, from the goal line defense there were five up price targets 2787, which was achieved and the remainder it failed to reach (2796, 2803,2810, 2821)...

Not reaching 2750.00 breathes life into the nostrils of the bulls, although they are clearly tired, hard not to be..... it was one of the best bull rallies on record for three weeks....

Until it takes out 2714.00 the fat lady hasn't finished singing...

Above the OAV at 2765 its still technically bullish even the bears are in control, but momentum comes and goes....

In the evening open:

opening down and hard is bullish

and straight up hard and fastC is bearish