Emini Futures Trading Analysis- 15Jan2020

The S&P500 Futures are looking ready to cross 3300 level.
Above 3300, the immediate upside target will be 3320-3330.
Traders can use 3275 or 3280 as the Stop loss on long trades.


The support nearest level is at 3275, which was the level from which the futures bounced back on Tuesday, 14 Jan 2020 and the futures stayed above this level today, while trying to move higher, and made a new life time high of 3299.

SP500 Trend is clearly up, and traders should only do long trades.
However, the momentum is coming down, which may create resistance for upmove.


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