Market Forecast: 2 E-mini Support Levels You Should Know

Here’s a market update video featuring the E-mini S&P 500 and our Atlas Line software and signals. Due to the Atlas Short signal, the Atlas Line indicator said to look for short (sell) opportunities. Do you think the market will reverse or drop lower? For clarity, we switch from 1 5-Minute to a 1-Minute, and then to a 10-Second chart. The Atlas Line short/sell signal direction stays true regardless.

Here’s the market forecast…

Traders have been emailing us to let us know they continue to use our software and are holding positions for longer. What can we expect for long-term positions? Firstly, it’s important to understand markets typically fall faster than they rise. It will take longer for markets to work their way back up. According to John Paul’s analysis, the current support level for the E-mini S&P 500 (ES) is 2750. If this support level breaks, another exists at 2355 (consistent with lows in December 2019). Confirm for yourself on a daily chart and look back at historical price activity. If price drops below 2700, John Paul expects a swift and significant price drop (sell-off). Why? Many traders have their stops at 2700. People (and sometimes algorithms) like whole numbers like 2700. Buyers will have to cover the losses, thus triggering selling in the opposite direction as a recovery reversal to sell the market. More people and systems may attempt to sell further to recover, driving price down further. If John Paul is correct and you trade this properly, it could be quite lucrative.

To receive more direct analysis and full access to all of our trading signals and methods, join our upcoming Mentorship class. It begins March 16, 2020. For this class only, we’re offering 0% financing in special installments. Email us at support@daytradetowin.com for details.

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