• Skip to content
  • Skip to footer

Jim Wyckoff

Dominate Your Market

  • Daily Morning Report
  • Meet Jim
    • Testimonials
  • Contact Jim
  • Sample Reports and Charts
  • FAQ
  • Shop

U.S. Stock Index Bears Quickly Regain Technical Control

December 5, 2018 by Jim Wyckoff

The U.S. stock index futures sold off sharply Tuesday, to put the bears back in near-term technical control. See on the daily bar chart the strong support and resistance lines for the e-mini S&P March futures. The direction in which prices move out of the trading range bound by those lines on the chart will be the direction of the next near-term trend in prices. Right now, technical odds favor a breach of chart support at the October low of 2,603.00. Stay tuned!

Filed Under: Blog News, Jim's Morning Report, Uncategorized

Reader Interactions

Footer

Disclaimer

There is a risk of financial loss in futures and options trading. Futures trading is neither easy nor an easy way to make money. It takes hard work to have success. Please use sound money management when trading futures. Past performance is not necessarily indicative of future results. Nothing on this website is intended to be a trading recommendation to buy or sell futures or options. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed. Readers are solely responsible for how they use the information on this website.

Copyright © 2019 · Atmosphere Pro on Genesis Framework · WordPress · Log in