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Stock Index Futures Climb Higher, ES Chart Review & Support and Resistance Levels 4.16.2021

Posted on by Ilan

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Dear Traders,

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Stock index futures continue to climb higher.
The speed of the move and the slope of the move starting to slow down…..
Next objective S&P’S is 4205.
However, If S&P’s relax, we could retrace back
to 4102.00. Then 4088.75 becomes SUPPORT. Finally, 4079 must HOLD.
A CLOSE below neutralizes the SECULAR BULL TREND.
Last SUPPORT is 4068.00.
The market speed, intraday behavior, volatility and more are MUCH different than what we saw prior to Good Friday. Almost as if someone flipped the switch….
Hourly SP500 chart for your review below, notice no “red bars”, mostly signals of trend resuming ( blue arrows) with a couple of possible “profit taking” in the form of red diamonds…..:
Mini ES (S&P) 60 Minute Chart
To access a free trial to the ALGOS shown in the chart along with other tools? (Slanted arrows possible buy, pink squares = possible exit/ tighten stops) visit and sign up for a free trial for 21 days with real-time data.

Good Trading

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Futures Trading Levels

4-16-2021

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Economic Reports, source: 

 www.BetterTrader.co

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